Cameco operating profit up on prices

Uranium producer Cameco Corp (CCO.TO: Quote) said on Monday its third-quarter operating profit rose on higher uranium sales volumes and better realized prices, but fell short of analysts expectations for the quarter.

Excluding one-time items, earnings were C$104 million, or 26 Canadian cents a share, compared with C$80 million, or 20 Canadian cents a share, a year earlier.

Analysts, on average, had expected earnings of 31 Canadian cents per share, according to Thomson Reuters I/B/E/S.

Net profit for the quarter was C$39 million, or 10 Canadian cents per share, compared with a year-earlier profit of C$98 million, or 25 Canadian cents a share.

Read Full Article from Reuters Canada

- Posted: 2011-11-07 08:45:04

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