Teck Resources Ltd (TECK) saw its stock price plummet by 5.02% during intraday trading on Thursday, marking a significant downward movement for the mining company.
The sharp decline followed the company's release of fourth-quarter results, which showed adjusted earnings of CA$1.37 per share that beat analyst expectations of CA$1.00, but revenue of CA$3.06 billion that fell short of the CA$3.17 billion forecast by analysts. This mixed performance, with strong earnings growth tempered by a revenue miss, appears to have driven investor selling pressure.
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