Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- TECK reported Q1 2023 EPS of 56 cents, missing consensus and down from previous year. - Steelmaking coal prices increased, but lower zinc and copper prices impacted earnings. - Cash flow down to CAD$0.04 billion compared to CAD$1.09 billion in Q1 2023. - Sales of zinc and steelmaking coal in concentrate in Q2 2024 projected. - Sale of steelmaking coal unit for $9 billion to strengthen balance sheet. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Corporate Developments
- TECK reported Q1 2023 EPS of 56 cents, missing consensus and down from previous year.
- Steelmaking coal prices increased, but lower zinc and copper prices impacted earnings.
- Cash flow down to CAD$0.04 billion compared to CAD$1.09 billion in Q1 2023.
- Sales of zinc and steelmaking coal in concentrate in Q2 2024 projected.
- Sale of steelmaking coal unit for $9 billion to strengthen balance sheet.
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