Investing.com - Teck Resources (NYSE:TECK) B reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Teck Resources B announced earnings per share of C$2.54 on revenue of C$4.41B. Analysts polled by Investing.com anticipated EPS of C$2.46 on revenue of C$4.53B.
Teck Resources B shares are down 10.04% from the beginning of the year, still down 4.78% from its 52 week high of C$37.23 set on February 10. They are outperforming the Nasdaq which is down 16.67% from the start of the year.
Teck Resources B follows other major Materials sector earnings this month
Teck Resources B's report follows an earnings missed by Freeport-McMoran on January 26, who reported EPS of C$0.96 on revenue of C$6.16B, compared to forecasts EPS of C$0.9703 on revenue of C$6.44B.
Air Products had beat expectations on February 4 with first quarter EPS of C$2.52 on revenue of C$2.99B, compared to forecast for EPS of C$2.5 on revenue of C$2.74B.
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