
Vale (NYSE:VALE) Posts Earnings Results, Misses Expectations By $0.02 EPS

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Vale (NYSE:VALE) reported quarterly earnings of $0.44 EPS, missing estimates of $0.46 by $0.02. Revenue was $9.26 billion, below the expected $9.33 billion. The company has a net margin of 6.12% and a return on equity of 20.16%. Vale's stock fell 0.7% to $16.94, with a market cap of $76.90 billion. Analyst ratings show a consensus of "Moderate Buy" with an average target price of $16.02. Recent insider purchases indicate confidence in the stock, while hedge funds have adjusted their positions in Vale.
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