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    market news

    Cameco Tops Analysts Estimates

    Investing News Network
    May. 01, 2012 02:01PM PST
    Energy Investing

    Bloomberg reported Cameco Corp. (TSX:CCJ,NYSE:CCO) reported a higher first quarter profit margin than analysts predicted on higher demand for uranium.

    Bloomberg reported Cameco Corp. (TSX:CCJ,NYSE:CCO) reported a higher first quarter profit margin than analysts predicted on higher demand for uranium.

    As quoted in the market news:

    Net income increased to C$132 million ($133.6 million), or 33 cents a share, from C$91 million, or 23 cents, a year earlier, the Saskatoon, Saskatchewan-based company said today in a statement. Profit excluding one-time items was 31 cents a share, topping the 25-cent average of 10 estimates compiled by Bloomberg. Sales increased to C$563 million from C$461 million.

    Click here to read the full Bloomberg report.

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