Investing.com - Cameco reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cameco announced earnings per share of C$-0.1 on revenue of C$359M. Analysts polled by Investing.com anticipated EPS of C$-0.05 on revenue of C$312.93M.
Cameco shares are up 27.16% from the beginning of the year and are trading at C$17.04 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Cameco follows other major Energy sector earnings this month
Cameco's report follows an earnings beat by Equinor ADR on Wednesday, who reported EPS of C$0.53 on revenue of C$18.2B, compared to forecasts EPS of C$0.5109 on revenue of C$17.5B.
Schlumberger had beat expectations on Friday with second quarter EPS of C$0.3 on revenue of C$5.63B, compared to forecast for EPS of C$0.2593 on revenue of C$5.51B.
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