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Rabbit Lake in northern Saskatchewan. Cameco is one of the world's largest uranium producers. (Handout)
Rabbit Lake in northern Saskatchewan. Cameco is one of the world's largest uranium producers. (Handout)

Cameco profit, revenue jump Add to ...

Uranium producer Cameco Corp. says its first-quarter included double-digit increases to both revenue and profit – rebounding from the weak results it had a year earlier and beating analyst estimates.

The Saskatchewan-based company’s net income was up 45 per cent from a year earlier, rising to $132-million or 33 cents per share before adjustments while revenue increased 22 per cent to $563-million.

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On an adjusted basis, Cameco’s profit was $124-million or 31 cents per share, 3 cents a share above expectations.

A consensus estimate compiled by Thomson Reuters called for 28 cents per share of adjusted income and $552.8-million of revenue.

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CCO-T Cameco Corp. 22.57 -0.33
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