Investing.com - Teck Resources B reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Teck Resources B announced earnings per share of C$0.61 on revenue of C$2.55B. Analysts polled by Investing.com anticipated EPS of C$0.4945 on revenue of C$2.08B.
Teck Resources B shares are up 21% from the beginning of the year and are trading at C$22.42 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 8.6% from the start of the year.
Teck Resources B follows other major Energy sector earnings this month
Teck Resources B's report follows an earnings beat by BP ADR on Tuesday, who reported EPS of C$0.777 on revenue of C$36.49B, compared to forecasts EPS of C$0.4389 on revenue of C$52.04B.
Schlumberger had beat expectations on Friday with first quarter EPS of C$0.21 on revenue of C$5.22B, compared to forecast for EPS of C$0.186 on revenue of C$5.09B.
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