Cameco Posts $30.5 Million Q3 Profit, Adjusted Earnings Fall Short of Analyst Estimates

Cameco Corp. (CCJ) reported a third-quarter profit of $30.5 million on Friday, with adjusted earnings falling well below analyst expectations. The Saskatoon, Canada-based uranium producer said net income came to 7 cents per share. Adjusted for non-recurring gains, earnings were less than 1 cent per share, short of the 23 cents per share average estimate from three analysts surveyed by Zacks Investment Research. Revenue for the quarter was $442.4 million.