Cameco Corporation (CCO.TO) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at C$135 million, or C$0.31 per share. This compares with C$80 million, or C$0.18 per share, last year.
Excluding items, Cameco Corporation reported adjusted earnings of C$157 million or C$0.36 per share for the period.
Analysts on average had expected the company to earn C$0.32 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 40.2% to C$1.183 billion from C$844 million last year.
Cameco Corporation earnings at a glance (GAAP) :
-Earnings: C$135 Mln. vs. C$80 Mln. last year.
-EPS: C$0.31 vs. C$0.18 last year.
-Revenue: C$1.183 Bln vs. C$844 Mln last year.
Looking ahead, the company expects an annual increase of at least C$0.04 per share in each of 2025 and 2026 to achieve a doubling of the 2023 dividend from C$0.12 per share to C$0.24 per share.
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