Seeking Alpha

More on Vale (VALE): Q1 misses on the top line but beats on a per share basis as its bottom line...

More on Vale (VALE): Q1 misses on the top line but beats on a per share basis as its bottom line swings back to a profit on cost cuts and a lack of write-downs. Net profits were down 18% Y/Y, but the result beat the previous period, stemming seven straight quarters of declining profits. Slowing growth in China has weighed heavily on iron ore prices. But VALE embarked on a company-wide cost-cutting mission last year, and its austerity efforts appear to be bearing fruit, with operating costs and other expenses declining Y/Y. Shares +1% Y/Y.

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs