Brazil's Vale Q3 Net Beats Estimates, Helped By Forex Gains

Reuters2022-10-28

Brazilian miner Vale SA's third-quarter profit fell by nearly a fifth but still beat analyst forecasts as financial gains largely offset a sharp decline in iron ore prices, it said on Thursday.Vale, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AlanChong
2022-10-28
AlanChong
Like

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1151857027?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-10-28 07:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1151857027","market":"us","top_or_hot":-1,"title":"Brazil's Vale Q3 Net Beats Estimates, Helped By Forex Gains","media":"Reuters","content":"<div>\n<p>Brazilian miner Vale SA's third-quarter profit fell by nearly a fifth but still beat analyst forecasts as financial gains largely offset a sharp decline in iron ore prices, it said on Thursday.Vale, ...</p>\n\n<a href=\"https://www.reuters.com/markets/commodities/brazils-vale-posts-188-decline-third-quarter-profit-2022-10-27/\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brazil's Vale Q3 Net Beats Estimates, Helped By Forex Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrazil's Vale Q3 Net Beats Estimates, Helped By Forex Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-28 07:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/markets/commodities/brazils-vale-posts-188-decline-third-quarter-profit-2022-10-27/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Brazilian miner Vale SA's third-quarter profit fell by nearly a fifth but still beat analyst forecasts as financial gains largely offset a sharp decline in iron ore prices, it said on Thursday.Vale, ...</p>\n\n<a href=\"https://www.reuters.com/markets/commodities/brazils-vale-posts-188-decline-third-quarter-profit-2022-10-27/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VALE","symbol_name":"淡水河谷","start_time":0,"source_url":"https://www.reuters.com/markets/commodities/brazils-vale-posts-188-decline-third-quarter-profit-2022-10-27/","article_id":"1151857027","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151857027","pubTimestamp":1666913663,"sourceInfo":null,"weMediaInfo":null,"summary":"Brazilian miner Vale SA's third-quarter profit fell by nearly a fifth but still beat analyst forecas","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VALE":"淡水河谷"},"translate_title":"巴西淡水河谷第三季度净收益超过预期，受外汇上涨的帮助","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VALE":0.9},"content_text":"Brazilian miner Vale SA's third-quarter profit fell by nearly a fifth but still beat analyst forecasts as financial gains largely offset a sharp decline in iron ore prices, it said on Thursday.Vale, one of the world's largest iron ore miners, posted net income of $4.45 billion, or 98 cents a share, soundly beating the Refinitiv forecast of 57 cents.The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.Revenue fell 19.5% to $9.93 billion, lagging market expectations of $10.2 billion. Meanwhile, the cost of its products rose by 15.1% to $6.3 billion.The decline in Vale's top and bottom lines comes as the price of iron ore, a key steel ingredient, is on course to end 2022 at its lowest level in recent years, reflecting subdued global demand.In the three months ended Sept. 30, Vale realized an average price of $92.6 per tonne of iron ore, down from $127.2 per tonne in the same period of 2021.Nickel prices, on the other hand, grew 19% from the year before, but were still 17.3% below the second-quarter's realized prices.The mining giant recently announced a reorganization of its base metals business that it said could lead toa public listing.In a statement, Vale's Chief Executive Eduardo Bartolomeo said the firm made progress in its plan to increase supply of \"low carbon nickel and other critical minerals for the energy transition.\"($1 = 5.3849 reais)","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9986167732,"gmtCreate":1666914726126,"gmtModify":1676537828932,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0,"idStr":"4125148185432112","authorIdStr":"4125148185432112"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986167732","repostId":1151857027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":32,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1151857027"}