Cameco Corporation (CCO.TO) announced a profit for its second quarter that Increased from last year and beat the Street estimates.
The company's earnings came in at $321 million, or $0.74 per share. This compares with $36 million, or $0.08 per share, last year.
Excluding items, Cameco Corporation reported adjusted earnings of $308 million or $0.71 per share for the period.
Analysts on average had expected the company to earn $0.52 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 46.7% to $877 million from $598 million last year.
Cameco Corporation earnings at a glance (GAAP) :
-Earnings: $321 Mln. vs. $36 Mln. last year.-EPS: $0.74 vs. $0.08 last year.-Revenue: $877 Mln vs. $598 Mln last year.
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