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Nevsun Resources Misses Earnings Estimates, Shares Surge Anyways

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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.

Image source: Getty Images.

Source: Fool.com

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