Nexa Resources S.A. (NEXA) experienced a significant 5.68% decline in its stock price during post-market trading on Wednesday. The sharp drop followed the company's release of its first-quarter financial results.

The mining company reported adjusted earnings per share of $0.67 for the quarter, which fell short of the analyst consensus estimate of $0.68. This represents a 1.47% earnings miss despite the company's quarterly sales of $888 million beating expectations by 7.24%.

While Nexa Resources showed strong revenue growth of 41.63% compared to the same period last year, investors appear to have focused on the earnings disappointment. The company also reported a decrease in cash and cash equivalents to $390.08 million from $515.87 million at the end of the previous quarter, along with an increase in loans and financings to $1.77 billion.