Cameco Q3 Profit Spikes - Quick Facts

(RTTNews) - Canada-based uranium producer Cameco Corp.'s (CCO.TO, CCJ) third-quarter net earnings attributable to equity holders advanced significantly to C$211 million, or C$0.53 per share, from C$79 million, or C$0.20 per share in the 2012 period.

On an adjusted basis, quarterly earnings surged to C$208 million, or C$0.53 per share, from last year's C$49 million, or C$0.12 per share, helped by higher earnings from its uranium business based on increased sales volumes and higher realized prices related to its contract portfolio and a weaker Canadian dollar; lower exploration expenditures; and partially offset by a higher income tax expense.

Revenue for the latest quarter climbed 102% year-over-year to C$597 million, from C$296 million.