Teck Resources misses quarterly profit estimates as Glencore circles

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 26 (Reuters) - Canadian miner Teck Resources Ltd , the target of an unsolicited takeover bid by Swiss commodities giant Glencore , 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. (Reporting by Mrinalika Roy in Bengaluru; Editing by Sriraj Kalluvila and Savio D'Souza)

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