Vale GAAP EPS of $0.93 beats by $0.12, revenue of $10.81B misses by $710M

• Vale press release (NYSE:VALE): Q1 GAAP EPS of $0.93 beats by $0.12.
• Revenue of $10.81B (-13.9% Y/Y) misses by $710M.
• Vale reported a proforma adjusted EBITDA from continued operations of US$ 6.374 billion, US$ 483 million lower than 4Q21.
• Investments in 1Q22 totaled US$ 1.136 billion, comprising US$ 799 million in the maintenance of operations and US$ 337 million in project execution.
• Shares +3.9% AH.