Can Vale Expect Significant Upside after 4Q17 Results?
Vale SA (VALE) released its 4Q17 results on February 27 after the markets closed. While the company’s 4Q17 net profit rose 47% year-over-year (or YoY), its earnings per share (or EPS) of $0.36 missed analysts’ expectations by $0.07. Higher iron ore and base metals (COMT) prices boosted Vale’s profitability, but higher costs and foreign exchange–related losses led to the miner missing consensus estimates.