Vale ADR earnings beat, Revenue misses in Q3

Vale ADR earnings beat, Revenue misses in Q3 - Vale ADR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Vale ADR announced earnings per share of R$0.68 on revenue of R$10.76B. Analysts polled by anticipated EPS of R$0.67 on revenue of R$10.98B.

Vale ADR shares are down 19.55% from the beginning of the year and are trading at R$10.62 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.

Vale ADR follows other major Basic Materials sector earnings this month

Vale ADR's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of R$8.29 on revenue of R$5.12B, compared to forecasts EPS of R$7.78 on revenue of R$5.07B.

Newmont Goldcorp had beat expectations on Thursday with third quarter EPS of R$0.86 on revenue of R$3.17B, compared to forecast for EPS of R$0.84 on revenue of R$3.29B.

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