Movement Alert｜Cameco Falls 9.51% in Regular Trading, Q3 Revenue and Earnings Miss Expectations

Market Focus10-30 21:44

On October 30, Cameco fell 9.51% in Regular Trading, with shares trading at $74.995 and turnover of $107 million.

The move was driven by a weaker-than-expected third-quarter report, with both revenue and earnings missing market expectations.

For the quarter, Cameco reported revenue of CA$619 million, up 0.7% year over year but below expectations of about CA$748.1 million to CA$767.7 million. Diluted EPS was CA$0.10 versus expectations near CA$0.30, while non-GAAP EPS was CA$0.00, also below forecasts. The company reported net income of CA$43 million and adjusted EBITDA of CA$267 million, narrowed its uranium sales and delivery outlook to 29.5 million to 30.5 million pounds, and modestly adjusted its uranium production share guidance to 19.5 million to 20.5 million pounds. It also announced an annual dividend of CA$0.24 per share, but the earnings and revenue miss remained the main pressure point for the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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