Cameco posts surprise quarterly loss, hurt by weak uranium prices [Business News Network (BNN) Energy & Resources (Canada)]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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Source: Business News Network
Cameco posts surprise quarterly loss, hurt by weak uranium prices Cameco Corp (CCO.TO) (CCJ.N), the world's second-biggest uranium producer, posted a bigger-than-expected quarterly loss, partly hurt by the termination of a contract by Tokyo Electric Power Co, operator of Japan's wrecked Fukushima nuclear plant. The Canadian company said its results were also hurt by weak uranium prices amid a prolonged glut. Spot prices of uranium, used to fuel nuclear reactors, dipped to a 13-year low late last year and have rebounded only modestly in 2017. Cameco said severance costs and a strengthening Canadian dollar also weighed on its first-quarter results. The net loss attributable to Cameco's equity holders was $18 million, or five cents per share, in the first quarter ended March 31, compared with a profit of $78 million, or 20 cents per share, a year earlier. Excluding items, the company lost seven cents per share, bigger than the average analyst estimate of one cent, according to Thomson Re
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CCJ
Earnings
- 2/8/24 - In-Line
CCJ
Sec Filings
- 4/9/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/5/24 - Form 6-K
- CCJ's page on the SEC website