06:06 AM EDT, 10/24/2024 (MT Newswires) -- Teck Resources ( TECK ) was at last look down 0.4% in US premarket trade on Thursday after earlier reporting Q3 adjusted earnings from operations Wednesday of C$0.60 ($0.43) per diluted share, up from $0.16 a year earlier. Analysts polled by Capital IQ expected $0.38.

Revenue for the quarter ended Sept. 30 was C$2.86 billion, up from C$1.99 billion a year earlier. Analysts surveyed by Capital IQ expected $2.76 billion.

But Teck cut its full year copper production forecast for the second time in a row. It also reduced the top end of its 2024 annual copper production guidance for the Quebrada Blanca (QB) mine in Chile. Teck now sees full-year copper production of 420,000-455,000 tons, compared with the previous guidance of 435,000-500,000 tons.