Investing.com - Nexa Resources reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Nexa Resources announced earnings per share of $0.17 on revenue of $603M. Analysts polled by Investing.com anticipated EPS of $0.3642 on revenue of $587.78M.
Nexa Resources shares are up 8.82% from the beginning of the year, still down 16.61% from its 52 week high of $12.58 set on February 1. They are outperforming the EUR/USD which is down 0% from the start of the year.
Nexa Resources follows other major Basic Materials sector earnings this month
Nexa Resources's report follows an earnings beat by Vale ADR on Tuesday, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.06 on revenue of $13.04B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.51B.
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