Cameco Corp. reported a $72-million loss in its newest quarter in contrast with a lack of $61 million in the identical quarter final 12 months as its income fell 5 per cent.
The uranium miner says the loss amounted to 18 cents per diluted share for the quarter ended Sept. 30 in contrast with a lack of 15 cents per diluted share a 12 months earlier.
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Cameco posts $37M Q2 loss on lower revenues
Income totalled $361 million, down from $379 million in the identical quarter final 12 months.
On an adjusted foundation, Cameco says it misplaced 14 cents per diluted share for the quarter in contrast with an adjusted lack of 20 cents per diluted share a 12 months in the past.
Analysts on common had anticipated an adjusted lack of 4 cents per share and $398.9 million in income, in response to monetary markets information agency Refinitiv.
Cameco shares closed down $1.38 or 4.4 per cent to $30.07 in Friday buying and selling on the Toronto Inventory Change.
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