Teck Resources (TECK) Q2 Earnings Beat Estimates, Decline Y/Y
TECKTeck(TECK) ZACKS·2024-07-26 01:06

Teck Resources (TECK) reported second-quarter 2024 adjusted earnings per share (EPS) of 58 cents, which surpassed the Zacks Consensus Estimate of 47 cents by a margin of 23%. The bottom line marked a 37% plunge from earnings of 91 cents per share reported in the year-ago quarter. Gains from increased copper sales from QB, elevated copper prices and higher steelmaking coal sales volumes were offset by lower steelmaking coal prices. Finance and depreciation and amortization expenses increased year over year, ...