Rio Tinto H1 Adj. EPS $4.21, Inline, Sales $31.028B Miss $32.030B Estimate
Rio Tinto (NYSE:RIO) reported quarterly earnings of $4.21 per share which met the analyst consensus estimate. This is a 42.23 percent increase over earnings of $2.96 per share from the same period last year. The
Rio Tinto made more profit per share than last year, which is good, but sold less stuff than people expected. When a big company sells less than forecast, it can mean demand is getting softer or things aren't going as planned.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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