CCJ - Cameco reports Q3 earnings beat; updates FY22 guidance
- Cameco press release ( NYSE: CCJ ): Q3 Non-GAAP EPS of $0.03 beats by $0.04 .
- Revenue of $389M (+7.8% Y/Y) beats by $116.84M .
- As of September 30, 2022, we had $1.3B in cash and cash equivalents and short-term investments and $997M in long-term debt.
- 2022 outlook updated : We have updated our outlook for purchases and average realized price. Revenue of $1,730-1,880 million vs. consensus of $1.38B; Capital expenditures of $150M-175M.
- Uranium revenue and average realized price are based on a uranium spot price of $48.50 (US) per pound (the UxC spot price as of September 26, 2022), a long-term price indicator of $49.00 (US) per pound (the UxC long-term indicator on September 26, 2022) and an exchange rate of $1.00 (US) for $1.30 (Cdn).
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Cameco reports Q3 earnings beat; updates FY22 guidance