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(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.