Investing.com - Teck Resources B reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Teck Resources B announced earnings per share of C$0.63 on revenue of C$2.56B. Analysts polled by Investing.com anticipated EPS of C$0.6571 on revenue of C$2.63B.
Teck Resources B shares are up 20.28% from the beginning of the year and are trading at C$21.83 , down-from-52-week-high.They are outperforming 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 beat by Freeport-McMoran on Thursday, who reported EPS of C$0.77 on revenue of C$5.75B, compared to forecasts EPS of C$0.7605 on revenue of C$5.73B.
Newmont Goldcorp had beat expectations on Thursday with second quarter EPS of C$0.83 on revenue of C$3.07B, compared to forecast for EPS of C$0.7939 on revenue of C$3.1B.
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