Investing.com - Teck Resources (NYSE:TECK) B reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Teck Resources B announced earnings per share of C$3.25 on revenue of C$5.79B. Analysts polled by Investing.com anticipated EPS of C$3.32 on revenue of C$5.6B.
Teck Resources B shares are down 8.12% from the beginning of the year, still down 42.31% from its 52 week high of C$45.90 set on June 7. They are under-performing the EUR/USD which is down 0% 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 matched by Ecolab on Tuesday, who reported EPS of C$1.1 on revenue of C$3.58B, compared to forecasts EPS of C$1.1 on revenue of C$3.49B.
Freeport-McMoran had missed expectations on July 21 with second quarter EPS of C$0.58 on revenue of C$5.42B, compared to forecast for EPS of C$0.6163 on revenue of C$6.13B.
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