Teck Resources Q3 EPS $0.77 Down From $1.33 YoY, Sales $2.70B Inline
Portfolio Pulse from Benzinga Newsdesk
Teck Resources (NYSE:TECK) reported Q3 earnings of $0.77 per share, a 42.11% decrease YoY. The company also reported quarterly sales of $2.70 billion, a 24.61% decrease YoY, which met the analyst consensus estimate.
October 24, 2023 | 11:39 am
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NEGATIVE IMPACT
Teck Resources reported a significant decrease in Q3 earnings and sales YoY, though sales met analyst estimates.
Teck Resources reported a significant decrease in both earnings and sales compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term. However, the fact that sales met analyst estimates could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100