Rio Tinto PLC (RIO) Earnings Surpass Estimates with Robust FY Underlying Profit

Rio Tinto’s underlying profit for the financial year exceeded estimates, reaching $11.8 billion against the estimated $11.66 billion.
The final dividend per share stood at $2.58.
The underlying Ebitda also beat estimates, registering at $23.9 billion compared to the estimated $23.85 billion.
However, net income fell short of estimates, totalling $10.06 billion against the projected $11.15 billion.
The underlying earnings per share (EPS) slightly surpassed estimates, being $7.25 against the expected $7.22.
Rio Tinto’s revenue was higher than estimates, amounting to $54.04 billion against the estimated $53.66 billion.
The total revenue from iron ore was $32.25 billion.
The company had a capital expenditure of $7.09 billion.
From the total analysts covering the stock, 16 recommended buying, 7 recommended holding, and none recommended selling.