Teck Resources misses quarterly profit estimates
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2023-10-24 13:51
Canadian miner Teck Resources missed market estimates for third-quarter profit on Tuesday, hurt by lower steelmaking coal sales

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)

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