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Teck Resources misses quarterly profit estimates

2023-10-24 13:46
Canadian miner Teck Resources missed market estimates for third-quarter profit on Tuesday, hurt by lower steelmaking coal sales
Teck Resources misses quarterly profit estimates

Canadian miner Teck Resources missed market estimates for third-quarter profit on Tuesday, hurt by lower steelmaking coal sales due to supply chain disruptions.

Excluding items, the company reported an adjusted profit of C$0.76 per share for the three months ended Sept. 30, compared with the average analyst estimate of C$1.09 per share, according to LSEG data.

(Reporting by Sourasis Bose and Jose Joseph in Bengaluru; Editing by Subhranshu Sahu)