Centrus Energy's stock plummeted 8.34% during intraday trading on Thursday, following the release of its first-quarter financial results.

The sharp decline comes after the company reported a significant drop in profitability for Q1. Centrus Energy posted adjusted earnings per share of $1.05, representing a 37.5% decrease compared to $1.68 per share in the same period last year. While revenue showed modest growth to $76.7 million from $73.1 million year-over-year, the substantial contraction in earnings appears to have negatively impacted investor sentiment.