SAO PAULO, April 26 (Reuters) - Brazil's Vale , one of the world's largest miners, reported that its
first quarter net profit fell 59% from a year earlier to reach
$1.8 billion, far below analyst expectations and dragged down by
weaker sales and lower iron ore prices.
The company posted its January-through-March results in a
filing to Brazil's main stock exchange on Wednesday.
Analysts polled by Refinitiv had forecast that Vale's first
quarter net profit would total $2.422 billion.
(Reporting by Peter Frontini; Editing by David Alire Garcia)
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