Teck Resources posts 1Q profit of $68.5 million, result tops expectations

Edit

VANCOUVER – VANCOUVER, British Columbia (AP) _ Teck Resources Ltd. (TCK) on Tuesday reported first-quarter net income of $68.5 million.

The Vancouver, British Columbia-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring gains, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The mining and oil company posted revenue of $1.24 billion in the period.

Teck Resources shares have more than doubled since the beginning of the year. The stock has dropped 24 per cent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCK at http://www.zacks.com/ap/TCK

_____

Keywords: Teck Resources, Earnings Report

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.

Leave a Reply

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles