Stock Market News

Brazil’s Vale posts 15% decline in Q3 net profit

10/24/2024

Less than a minute

2024.10.24 20:15

© Reuters. FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. Picture taken August 7, 2017. REUTERS/Ricardo Moraes/File Photo

SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian miner Vale, one of the world’s largest iron ore producers, said on Thursday its third-quarter net profit fell 15% from a year earlier.

Vale posted a $2.41 billion net profit for the quarter ended in September, while analysts polled by LSEG expected a $1.65 billion profit.

10/24/2024

Less than a minute

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