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Can Vale Expect Significant Upside after 4Q17 Results?

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.