Investing.com - Nexa Resources reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Nexa Resources announced earnings per share of $0.38 on revenue of $635M. Analysts polled by Investing.com anticipated EPS of $0.4297 on revenue of $631.14M.
Nexa Resources shares are up 7.78% from the beginning of the year, still down 17.41% 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 Sherwin-Williams on January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Air Products had missed expectations on February 4 with first quarter EPS of $2.12 on revenue of $2.38B, compared to forecast for EPS of $2.18 on revenue of $2.35B.
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