Cameco Tops Analysts Estimates

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.