Shares in Cameco Corp. rose nearly 10 per cent after it raised its revenue outlook for 2023 and reported a profit of $148 million in its latest quarter.
Shares in Cameco Corp. rose more than nine per cent after the company raised its revenue outlook for 2023 and reported a profit of $148 million in its latest quarter compared with a loss a year ago.
The uranium miner says the profit amounted to 34 cents per diluted share for the quarter ended Sept. 30, compared with a loss of $20 million or five cents per diluted share a year earlier.On an adjusted basis, Cameco says it earned 32 cents per diluted share, up from an adjusted profit of three cents per diluted share a year earlier.
In its updated outlook, Cameco says it now expects consolidated revenue between $2.43 billion and $2.58 billion for 2023, up from its earlier expectations for between $2.38 billion and $2.53 billion, primarily driven by higher expected average realized prices under its contract portfolio.Smoke’s Poutinerie founder and CEO Ryan Smolkin dead at 50Viewed