Miner Vale posts 53% decline in third-quarter net profit
VALE•Vale reported third-quarter net profit of $1.26 billion, down 53% from a year earlier and below analysts’ $1.70 billion estimate.
1. Profit falls short
Vale reported net profit of $1.26 billion for the July-September quarter, a 53% decline from a year earlier. The result was below the $1.70 billion expected by analysts in a Visible Alpha poll.
