VANCOUVER – VANCOUVER, British Columbia (AP) _ Teck Resources Ltd. (TCK) on Tuesday reported first-quarter net income of $68.5 million.
The Vancouver, British Columbia-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring gains, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The mining and oil company posted revenue of $1.24 billion in the period.
Teck Resources shares have more than doubled since the beginning of the year. The stock has dropped 24 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCK at http://www.zacks.com/ap/TCK
Keywords: Teck Resources, Earnings Report