Vale (VALE.US) Q4 Revenue Exceeds Expectations, Net Loss Widens Significantly Due to Impairment of Canadian Nickel Assets
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Financial reports show that Vale's Q3 revenue increased by 9% year-on-year to $11.06 billions, better than analysts’ general expectation of $10.86 billions. The net loss was $3.844 billions, while analysts had generally expected a profit of $2.7 billions. The net loss for the same period last year was $694 millions.
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