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Nexa Resources Shares Rise Despite Wider Adjusted Loss, Lower Revenue in Q1
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Nexa Resources Shares Rise Despite Wider Adjusted Loss, Lower Revenue in Q1
May 3, 2024 11:12 AM

01:51 PM EDT, 05/03/2024 (MT Newswires) -- Nexa Resources ( NEXA ) shares were up 1.1% in recent Friday trading despite weaker Q1 results.

The company reported a Q1 adjusted loss late Thursday of $0.15 per diluted share, wider than a loss of $0.01 a year earlier.

Three analysts surveyed by Capital IQ expected a loss of $0.06.

Revenue for the quarter ended March 31 was $579.8 million, down from $667.3 million a year earlier.

Three analysts surveyed by Capital IQ expected $595.7 million.

Price: 7.37, Change: +0.08, Percent Change: +1.10

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