Investing.com - Cameco reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cameco announced earnings per share of C$0.18 on revenue of C$558M. Analysts polled by Investing.com anticipated EPS of C$-0.0118 on revenue of C$382.27M.
Cameco shares are up 14.52% from the beginning of the year and are trading at C$23.12 , down-from-52-week-high.They are outperforming the S&P 500 which is down 17.73% 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$2.11 on revenue of C$36.46B, compared to forecasts EPS of C$1.62 on revenue of C$36.63B.
Schlumberger had beat expectations on Friday with second quarter EPS of C$0.5 on revenue of C$6.77B, compared to forecast for EPS of C$0.3995 on revenue of C$6.28B.
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