Teck Resources Q2 2024 Adj EPS C$0.79 Beats C$0.69 Estimate, Sales C$3.873B Miss C$4.020B Estimate
Portfolio Pulse from Benzinga Newsdesk
Teck Resources (NYSE:TECK) reported Q2 2024 adjusted EPS of C$0.79, beating the estimate of C$0.69, but sales of C$3.873 billion missed the estimate of C$4.020 billion. EPS decreased by 35.25% year-over-year, while sales increased by 10.06%.
July 24, 2024 | 6:22 am
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Teck Resources reported Q2 2024 adjusted EPS of C$0.79, beating the estimate of C$0.69, but sales of C$3.873 billion missed the estimate of C$4.020 billion. EPS decreased by 35.25% year-over-year, while sales increased by 10.06%.
The mixed results, with EPS beating estimates but sales missing, create a neutral short-term outlook. The significant YoY EPS decrease is a concern, but the YoY sales increase provides some positive context.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100