Teck advises shareholders to brace themselves for fourth-quarter profit reports
Feb 1, 2019 | 11:08 AM
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VANCOUVER — Vancouver-based Teck Resources is advising shareholders to expect lower-than-expected fourth-quarter profits.
The mining company says issues at its smelter in Trail, a tumble in commodity prices and the low price of Canadian oil at the end of last year all combined to cut earnings by 30 cents per share.
Market analysts had been expecting Teck to post a fourth-quarter profit of about $1.10 per share.
The company is expected to release its full financial results on February 13th.
