Bullboard - Stock Discussion Forum Cameco Ord Shs T.CCO

Alternate Symbol(s): CCJ

Energy

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling... see more

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Cameco Ord Shs > Cameco reports $40M Q1 profit, revenue up 37 per cent

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Post by Thisisfunstuff on May 05, 2022 10:35am

Cameco reports $40M Q1 profit, revenue up 37 per cent

Cameco Corp. reported a first-quarter profit of $40 million compared with a loss of $5 million a year ago as its revenue rose 37 per cent compared with a year ago, helped by higher prices.Revenue totalled $398 million, up from $290 million in the first three months of 2021.

In an update to its outlook, Cameco says it now expects its consolidated revenue to be between $1.73 billion and $1.88 billion for the year, up from its earlier guidance for between $1.5 billion and $1.65 billion.

This report by The Canadian Press was first published May 5, 2022.

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