Brazil's Vale posts net loss on iron ore price, currency hit
RIO DE JANEIRO Oct 30 (Reuters) - Brazil's Vale on Thursday posted a net loss of $1.44 billion for the third quarter hurt by a fall in the price of iron ore and fluctuating exchange rates.
A Reuters poll of analysts had forecast net profit of $956 million.
The world's largest iron ore producer reported EBITDA of $3 billion on net revenue of $9.1 billion. (Reporting by Stephen Eisenhammer and Jeb Blount; editing by Jason Neely)
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