Cameco Reduces Forecasted Sales as Outlook Sours

Reuters reported Cameco (TSX:CCO,NYSE:CCJ) released stronger than expected quarterly results, but forecasted reduced uranium sales and doubts about nuclear power.

As quoted in the market news:

Shares of Canada’s top uranium producer rose at market open on the Toronto Stock Exchange, but were down 1 percent at C$23.12 by mid-morning after the company warned 2012 revenue could fall by as much as 5 percent on lower sales volumes in its fuel services business and lower realized uranium prices.

Click here to read the full Reuters report.