Investing.com - Nexa Resources reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nexa Resources announced earnings per share of $-0.44 on revenue of $337M. Analysts polled by Investing.com anticipated EPS of $-0.53 on revenue of $339.99M.
Nexa Resources shares are down 23.96% from the beginning of the year and are trading at $6.19 , down-from-52-week-high.They are under-performing 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 Air Products on Thursday, July 23, 2020, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Vale ADR had missed expectations on Thursday with second quarter EPS of $0.19 on revenue of $7.52B, compared to forecast for EPS of $0.27 on revenue of $7.61B.
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