Teck Resources misses quarterly profit estimates as Glencore circles

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ3P078_L.jpg

(Reuters) – Canadian miner Teck Resources (NYSE:TECK) Ltd, the target of an unsolicited takeover bid by Swiss commodities giant Glencore (OTC:GLNCY), narrowly missed estimates for first-quarter profit on Wednesday.

Teck reported an adjusted profit of C$1.81 per share for the three months ended March 31, compared with the average analyst estimate of C$1.82, according to Refinitiv IBES data.