Nevsun Resources Misses Earnings Estimates, Shares Surge Anyways
Shares of copper miner Nevsun Resources (NYSEMKT: NSU) are up 10% as of 12:30 p.m. EDT today after the company posted earnings. Even though it fell short of estimates, the company also announced the results of a preliminary economic assessment of a potential mine.
Let's get the earnings stuff out of the way first. The company posted a net loss of $0.01 per share on $71 million in revenue. Wall Street was expecting flat results for the quarter.
Source: Fool.com