Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

Canadian diversified miner Teck Resources has reported fourth-quarter headline earnings slightly below analyst expectations, as lower metallurgical coal sales and prices offset metal price improvements in the three-month period to December 31. Adjusted profit attributable to shareholders in the fourth quarter was C$700-million, or C$1.21 a share, compared with C$930-million, or C$1.61 a share, in the same period of 2016. Analysts had called for adjusted earnings of C$1.22 a share, according to Thomson Reuters data.