Q1 CCO Cameco Corp. (T.CCO) on Wednesday reported a loss of $7.1 million (9 million CAD) in its first quarter.
The Saskatoon, Saskatchewan-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The uranium producer posted revenue of $447.7 million (566 million CAD) in the period.
Cameco shares have climbed 10 percent since the beginning of the year. The stock has fallen 10 percent in the last 12 months.