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

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.

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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

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Keywords: Teck Resources, Earnings Report

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