VALE S.A. (NYSE:VALE) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.77 per share.
Looking ahead, the full year income are expected at $ 1.74 per share on the revenues of $ 35713.60 million.
Previous Quarter Performance
VALE S.A. unveiled income for the second quarter of $ 0.19 per share, from the revenue of $ 7,518.00 million. According to street consensus, VALE was expected to report 2Q20 income of $ 0.30 per share from revenue of $ 7740.00 million. The bottom line results missed street analysts by $ 0.11 or 36.67 percent, at the same time, top line results fell short of analysts by $ 222 million or 2.87 percent.
Stock Performance
Shares of VALE S.A. traded low $ -0.10 or -0.90 percent on Tuesday, reaching $ 11.04 with volume of 25.81 million shares. VALE S.A. has traded high as $ 11.17 and has cracked $ 11.03 on the downward trend
According to the previous trading day, closing price of $ 11.04, representing a 71.65 % increase from the 52 week low of $ 6.49 and a 18.51 % decrease over the 52 week high of $ 13.67.
The company has a market capital of $ 56.63 billion and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.
