Investing.com - Nexa Resources reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nexa Resources announced earnings per share of $0.01 on revenue of $678M. Analysts polled by Investing.com anticipated EPS of $0.4735 on revenue of $688.33M.
Nexa Resources shares are up 15.14% from the beginning of the year, still down 29.63% 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 Freeport-McMoran on January 26, who reported EPS of $0.96 on revenue of $6.16B, compared to forecasts EPS of $0.9703 on revenue of $6.44B.
Air Products had beat expectations on February 4 with first quarter EPS of $2.52 on revenue of $2.99B, compared to forecast for EPS of $2.5 on revenue of $2.74B.
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