Cameco Q1 Profit Rises On Gain On Sale Of Interest In BPLP - Quick Facts

(RTTNews) - Cameco (CCO.TO, CCJ) reported first-quarter net earnings to equity holders of C$131 million or C$0.33 per share, compared to C$9 million or C$0.02 per share, a year ago. The company noted that its net earnings were affected by a gain on the sale of interest in BPLP of C$127 million, offset by mark-to-market losses on foreign exchange derivatives. Adjusted net earnings was C$36 million or C$0.09 per share, for the quarter.

On average, 10 analysts polled by Thomson Reuters expected the company to report profit per share of C$0.10 for the quarter. Analysts' estimates typically exclude special items. Revenue decreased to C$419 million from C$444 million, a year ago. Analysts expected revenue of C$462.72 million for the quarter.