Cameco (CCO.TO,CCJ) reported that its first-quarter net income attributable to equity holders decreased to C$9 million or C$0.02 per share, from C$129 million or C$0.33 per share last year. Adjusted net income per share was C$0.07, compared to C$0.31 prior year. The company said its adjusted results decreased due to: lower earnings from uranium segment based on lower sales volumes and lower realized prices; lower earnings from electricity segment based on lower generation and higher operating costs; and higher expenditures for administration due to the addition of NUKEM's administration and advisory fee, and costs for corporate restructuring. Revenue decreased to C$444 million from C$466 million last year.
On average, ten analysts polled by Thomson Reuters expected the company to report profit of C$0.08 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of C$456.34 million for the quarter.
Cameco said it remains on track with annual outlook, and has increased its focus on streamlining and efficiency in order to remain competitive in the uncertain environment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.