Teck Resources Q3 Adj $0.57 Misses $0.82 Estimate, Sales $2.68B Miss $2.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Teck Resources (NYSE:TECK) reported Q3 earnings of $0.57 per share, missing the analyst consensus estimate of $0.82 by 30.49%. This is a 57.14% decrease from the same period last year. The company also reported quarterly sales of $2.68 billion, missing the analyst consensus estimate of $2.70 billion by 0.63%. This is a 25.06% decrease from the same period last year.
October 24, 2023 | 12:24 pm
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NEGATIVE IMPACT
Teck Resources reported lower than expected Q3 earnings and sales, with significant YoY decreases. This could negatively impact the stock price in the short term.
Teck Resources reported a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This is likely to be viewed negatively by investors, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100