Investing.com - Nexa Resources reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nexa Resources announced earnings per share of $0.62 on revenue of $722M. Analysts polled by Investing.com anticipated EPS of $0.3779 on revenue of $698.68M.
Nexa Resources shares are up 18.7% from the beginning of the year, still down 27.45% from its 52 week high of $12.86 set on October 18, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Nexa Resources follows other major Materials sector earnings this month
Nexa Resources's report follows an earnings missed by Vale ADR on Wednesday, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.9476 on revenue of $12.09B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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