Investing.com - Cameco 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 and are trading at C$9.96 , down-from-52-week-high.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 Thursday, April 23, 2020, 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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