Investing
Teck Resources misses quarterly profit estimates
© Reuters. FILE PHOTO: The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File P
(Reuters) – Canadian miner Teck Resources (NYSE:) 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.
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