Investing.com - Cameco (NYSE:CCJ) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cameco announced earnings per share of C$0.07 on revenue of C$346M. Analysts polled by Investing.com anticipated EPS of C$-0.02 on revenue of C$220.61M. That with comparison to EPS of C$-0.06 on revenue of C$222.09M in the same period a year before. Cameco had reported EPS of C$0.18 on revenue of C$656.92M in the previous quarter. Analysts are expecting EPS of C$-0.03 and revenue of C$308.07M in the upcoming quarter.
Cameco shares are up 11.91% from the beginning of the year , still down 10.99% from its 52 week high of C$11.19 set on July 12, 2019. They are outperforming the EUR/USD which is down 0% year to date.
Cameco follows other major Basic Materials sector earnings this month
Cameco's report follows an earnings missed by Air Products on April 23, who reported EPS of C$2.04 on revenue of C$2.22B, compared to forecasts EPS of C$2.08 on revenue of C$2.16B.
Sherwin-Williams had beat expectations on Wednesday with first quarter EPS of C$4.08 on revenue of C$4.15B, compared to forecast for EPS of C$3.92 on revenue of C$4.13B.
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