Cameco Corporation (USA) (CCJ) Releases Earnings Results, Misses Expectations By $-0.30 EPS

Cameco Corporation (USA) (CCJ) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.30. Analysts had a consensus of $0.16. The company posted revenue of $466.00 million in the period, compared to analysts expectations of $568.78 million. The company’s revenue was down -17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Cameco Corporation (USA). Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $20 .Cameco Corporation (USA) was Downgraded by BofA/Merrill to ” Underperform” on Jul 21, 2016.

Cameco Corporation (USA) closed down -1.13 points or -10.63% at $9.5 with 82,55,153 shares getting traded on Thursday. Post opening the session at $10.4, the shares hit an intraday low of $9.39 and an intraday high of $10.42 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Cameco Corporation (Cameco) is engaged in the exploration for and the development mining refining conversion fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: Uranium fuel services and NUKEM. The uranium segment involves the exploration for mining milling purchase and sale of uranium concentrate. The fuel services segment involves the refining conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration development mining and milling activities through joint operations located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River Key Lake and Cigar Lake.

Cameco Corporation (USA)

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