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Seasonality Hits VALE’s 1Q
On April 25, Vale S.A (VALE) released its financial results for the first quarter of 2012. The company’s net earnings in the quarter were 74 cents per ADR, on a fully diluted basis, down drastically from $1.29 per ADR in the year-ago quarter. The results missed the Zacks Consensus Estimate of 79 cents per ADR. [...]
On April 25, Vale S.A (VALE) released its financial results for the first quarter of 2012. The company’s net earnings in the quarter were 74 cents per ADR, on a fully diluted basis, down drastically from $1.29 per ADR in the year-ago quarter. The results missed the Zacks Consensus Estimate of 79 cents per ADR. The earnings suffered a negative seasonality effect of abnormal rainfall combined with the consequences of price reduction in iron ore and pellet. |
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