Yahoo Finance Teck Resources First Quarter 2024 Earnings: Misses Expectations
Teck Resources (TSE:TECK.B) First Quarter 2024 Results
Key Financial Results
Revenue: CA$3.99b (up 5.4% from 1Q 2023).
Net income: CA$343.0m (down 71% from 1Q 2023).
Profit margin: 8.6% (down from 31% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: CA$0.66 (down from CA$2.27 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Teck Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 26%.
Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 15%.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 6.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Teck Resources has 1 warning sign we think you should be aware of.
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