Vale's Fourth-Quarter Earnings Miss Estimates, Revenues Decline 22%
VALE reported fourth-quarter 2024 adjusted earnings per share of 20 cents, missing the Zacks Consensus Estimate of 53 cents. The company's net operating revenues declined 22% year over year to around $10.1 billion, primarily due to lower iron ore sales volumes and prices. Vale's gross profit plummeted 37% year over year to $3.86 billion.
- The decline in Vale's earnings and revenue suggests that the company is vulnerable to fluctuations in commodity prices and market demand for its products.
- What steps will Vale take to address the underlying factors contributing to its declining revenues and restore its competitiveness in the iron ore and nickel markets?