Compares with estimates, provides background
Compares with estimates, provides background
Oct 24 (Reuters) – Canadian miner Teck Assets Ltd TCKb.TO, TECK.N on Thursday beat expectations for quarterly adjusted revenue, as power in its vitality and zinc models offset weak base steel costs amid a chronic U.S.-China commerce conflict.
Income at its vitality enterprise unit rose 22% to C$255 million ($195.07 million), whereas that of its zinc operations gained marginally to C$902 million from C$884 million a 12 months in the past.
On an adjusted foundation, the corporate’s revenue fell to C$403 million, or C$0.72 per share, within the quarter ended Sept. 30, from C$466 million, or C$0.81 per share, a 12 months earlier. (http://bit.ly/2Pc6nkW)
Analysts on common had been anticipating the corporate to earn 66 Canadian cents per share, in keeping with Refinitiv estimates.
The Vancouver-based firm mentioned income fell 5.4% to C$3.04 billion.
($1 = 1.3078 Canadian {dollars})
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