CCO:CC - Cameco Non-GAAP EPS of $0.18 beats by $0.17 revenue of $558M beats by $174.89M updates FY outlook
- Cameco press release ( NYSE: CCJ ): Q2 Non-GAAP EPS of $0.18 beats by $0.17 .
- Revenue of $558M (+55.4% Y/Y) beats by $174.89M .
- 2022 outlook updated: The split between Cigar Lake and McArthur River/Key Lake has changed as noted above however, overall, our share of production from our tier-one assets remains unchanged at up to 11 million pounds for 2022. We have updated our outlook for purchase, sales/deliveries, average realized price and direct administration costs. See Outlook for 2022 in our second quarter MD&A for more information.
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“Our results reflect the very deliberate execution of our strategy of full-cycle value capture. And, we are benefiting from higher average realized prices in both our uranium sales and our fuel services sales as the market continues to transition and geopolitics continue to highlight concentration of supply concerns,” said Tim Gitzel, Cameco’s president and CEO.
- Shares +1.95% PM.
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Cameco Non-GAAP EPS of $0.18 beats by $0.17, revenue of $558M beats by $174.89M, updates FY outlook