Vale Q1 EPS $0.33 Misses $0.39 Estimate, Sales $8.12B Beat $8.03B Estimate

Vale (NYSE:VALE) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.39 by 15.38 percent. This is a 15.38 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $8.12 billion which beat the analyst consensus estimate of $8.03 billion by 1.10 percent. This is a 4.02 percent decrease over sales of $8.46 billion the same period last year.