47.33
1.25%
0.58
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Why is Teck Resources Ltd (TECK) Stock down?
We've noticed a 5.53% decline in Teck Resources Ltd (TECK) stock during the 2024-10-24 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
24 Oct, 2023:
Shares of Teck Resources Ltd Ordinary Sha (TECK) dropped by 9.16% from $38.86 to $35.30 in the trading on Tuesday, October 24, 2023. The reason why TECK stock down is due to the company's disappointed third-quarter results. They reported earnings of $0.57 per share, falling short of the Zacks Consensus Estimate of $0.77 per share, and a significant drop from $1.33 per share in the previous year. The company also missed revenue expectations, posting $2.68 billion for the quarter, compared to the expected $2.77 billion. TECK shares have gained only 4.1% year-to-date, while the S&P 500 rose 10%. The stock's future movement will depend on management's commentary during the earnings call.
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