Update: Teck Resources Shares Rise Following Q1 Results, Outlook on Copper Production-February 2024-www.financetom.com

Update: Teck Resources Shares Rise Following Q1 Results, Outlook on Copper Production

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Update: Teck Resources Shares Rise Following Q1 Results, Outlook on Copper Production

Apr 25, 2024 10:03 AM

12:44 PM EDT, 04/25/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Teck Resources' ( TECK ) shares rose 7.5% in recent Thursday trading after the company reported increasing copper production, bolstered by output at the Quebrada Blanca mine in Chile.

Q1 adjusted earnings fell to CA$0.75 ($0.55) per diluted share from CA$1.78 a year earlier, the company said Thursday.

Analysts polled by Capital IQ expected CA$0.95.

Revenue in the quarter ended March 31 rose to CA$3.99 billion from CA$3.79 billion a year earlier.

Analysts surveyed by Capital IQ expected CA$4.27 billion.

Price: 48.86, Change: +3.42, Percent Change: +7.53

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