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Vale’s 1Q18 Earnings Miss on Lower Prices and Higher Costs

Annie Gilroy
Vale’s 1Q18 Earnings Miss on Lower Prices and Higher Costs

Vale (VALE) released its 1Q18 results on April 25, 2018, after the markets closed. The company reported net earnings of $1.6 billion in 1Q18, 17% lower than what the consensus was expecting. Its earnings also dropped 36% year-over-year (or YoY) due to lower iron ore prices and higher costs.