Vale sees Q1 profit, revenues drop on lower iron ore prices

Vale ( NYSE: VALE ) -1.4% pre-market Friday after post ing a decline in Q1 earnings compared to the year-earlier quarter due to lower iron ore prices and weaker sales. Vale ( NYSE: VALE ) reported Q1 net profit fell 17% Y/Y to $1.

39B, below $1.68B in an LSEG analyst.