![]() ![]() Rio Tinto’s chief executive, Jakob Stausholm, commented: Though, it is worth highlighting that this was the second largest interim dividend in the company’s history. Both estimates included special dividends of 50 US cents and 67 US cents, respectively. Goldman was pencilling in total dividends of US$3.68 per share, whereas the consensus estimate was for US$3.97 per share. Not only did this come in short of estimates, but there was no special dividend this time around. Unfortunately for the Rio Tinto share price, this result appears to have fallen a touch short of expectations.įor example, a recent note out of Goldman Sachs reveals that its analysts were expecting revenue of US$29,655 million and underlying EBITDA of US$15,671 million.įurthermore, the market consensus estimate was for revenue of US$30,785 million and underlying EBITDA of US$16,813 million.Īlso falling short of expectations was its dividend of 276 US cents per share. This was partially offset by a 49% lift in aluminium EBITDA to US$2,866 million. This was driven by a softer iron ore price, which led to the company’s iron ore EBITDA falling 35% to US$10,395 million for the half. Free cash flow down 30% to US$7,146 millionįor the six months ended 30 June, Rio Tinto reported a 10% decline in revenue to US$29,775 million and a 26% reduction in underlying EBITDA to US$15,597 million.Underlying EBITDA down 26% to US$15,597 million.Rio Tinto share price on watch following earnings miss This follows the release of the mining giant’s half-year results after the market close today. The Rio Tinto Limited (ASX: RIO) share price will be one to watch on Thursday. ![]()
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