Why Cameco Stock Popped After Lousy Earnings [Yahoo! Finance]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
cameco.com/invest
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Source: Yahoo! Finance
Heading into the Q3 report, analysts forecast the uranium mining stock would report $535.8 million in quarterly sales -- a number Cameco beat with a stick, reporting sales of $721 million. That's the good news. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The bad news is Cameco was supposed to be very profitable on those sales, earning $0.18 per share. Instead, on an adjusted basis, Cameco lost $0.01 per share. On the plus side, Cameco's generally accepted accounting principles ( GAAP ) profit was $0.02 per share -- but earnings still declined 94%. Why the disconnect? As CEO Tim Gitzel explained, Cameco's "quarterly earnings ... can vary significantly," but the company's rising revenue reflects "a clear underlying trend of improving operational performance and cash flow generation, backed by stable and rising market prices." Sales surged 25% in Q3. And this is a trend investors should expect to continue. Cameco no
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CCJ
Earnings
- 11/7/24 - Miss
CCJ
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 144
- 11/13/24 - Form 6-K
- CCJ's page on the SEC website