22.02.2024 09:56:29 - dpa-AFX: Teck Resources Ltd. Q4 Profit Increases, beats estimates
OTTAWA (dpa-AFX) - Teck Resources Ltd. (TECK) announced a profit for its
fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at C$483 million, or C$0.92 per share. This
compares with C$247 million, or C$0.47 per share, in last year's fourth quarter.
Excluding items, Teck Resources Ltd. reported adjusted earnings of C$735 million
or C$1.40 per share for the period.
Analysts on average had expected the company to earn C$1.33 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 30.8% to C$4.108 billion from C$3.140
billion last year.
Teck Resources Ltd. earnings at a glance (GAAP) :
-Earnings (Q4): C$483 Mln. vs. C$247 Mln. last year.
-EPS (Q4): C$0.92 vs. C$0.47 last year.
-Analyst Estimate: C$1.33
-Revenue (Q4): C$4.108 Bln vs. C$3.140 Bln last year.
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