- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Financial Post reported Cameco Corp. (TSX:CCO,NYSE:CCJ) experienced a sharp drop in second quarter profit dropped sharply as uranium sales volumes declined, prices fell and costs rose.
Financial Post reported Cameco Corp. (TSX:CCO,NYSE:CCJ) experienced a sharp drop in second quarter profit dropped sharply as uranium sales volumes declined, prices fell and costs rose.
As quoted in the market news:
Adjusted net income came in at $34-million, or 9 cents a share, down from 18 cents a year ago. The numbers fell short of analyst expectations.
Uranium sales volumes in the quarter were 5.3 million pounds, well down from 5.8 million pounds in the second quarter of 2011. Saskatoon-based Cameco’s realized price also dropped 8% year-over-year to US$42.08 a pound because of lower U.S.-dollar prices under fixed-price contracts. Uranium production dropped 7%.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â