By Adriano Marchese
Cameco's first-quarter profit rose as stronger sales and higher realized pricing drove revenue growth.
The Canadian uranium producer posted on Tuesday net income of 131 million Canadian dollars ($96.1 million), or C$0.30 a share, up from C$70 million, or C$0.16 a share, in the comparable quarter a year ago.
Adjusted earnings came in at C$0.47 a share. According to FactSet, analysts were expecting C$0.34 a share.
Revenue rose 7% to C$845 million, topping forecasts of a more modest rise to C$832.7 million.
Cameco said that the quarter's sales volumes were higher in both uranium and fuel services, as expected. The company also noted that realized prices were higher on average, with contribution from its investment in nuclear-services company Westinghouse supporting the quarter's performance.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 05, 2026 07:07 ET (11:07 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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