VALE Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

Vale S.A. (VALE) reported second-quarter 2024 adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line marked a 115% surge from earnings of 20 cents per share reported in the year-ago quarter. The improvement in earnings was attributed to higher iron ore shipments, increased copper sales, as well improved copper and iron ore prices. However, this was somewhat offset by a decline in nickel sales volumes and prices. Net operating revenues were up 3% year ov ...