Teck Resources Ltd (TECK)

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.