Vale reported second-quarter net revenue of $10.5 billion versus analyst estimates of $10.43 billion. Net profit was $1.38 billion, below analyst expectations of $1.97 billion. Capital expenditures rose 7.1% year on year to $1.13 billion, while pro forma EBITDA came in at $4.07 billion, above estimates of $3.81 billion, according to 36Kr. The company also approved a dividend of BRL 2.03 per share for shareholders.
Vale Q2 Net Revenue Tops Estimates, Profit Misses; Board Approves BRL 2.03 Per Share Dividend
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Vale reported second-quarter net revenue of $10.5 billion versus analyst estimates of $10.43 billion. Net profit was $1.38 billion, below analyst expectations of $1.97 billion. Capital expenditures rose 7.1% year on year to $1.13 billion, while pro forma EBITDA came in at $4.07 billion, above estim…