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Cameco Corp Edges Up In U.S. Premarket Trading Despite Lower Profit

Cameco Corp (CCO.TO), Canada's largest uranium producer, has edged up in U.S. premarket trading despite saying first quarter earnings decreased to $91 million or 23 cents a share, compared with $143 million or 36 cents a share in the previous corresponding period.

It is at US$28.67, +0.09 (0.31%). It last traded on the TSX at $27.68.

When adjusted to remove one-time items, earnings were $85 million or 21 cents a share, down from $112 million or 28 cents a share.

Revenue fell 6% to $454 million.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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