Stock Track | Cameco Soars 6.28% in Pre-market on Strong Q4 Earnings Beat

Stock Track

02/13

Cameco's stock surged 6.28% in pre-market trading following the release of its fourth-quarter financial results, which significantly exceeded analyst expectations.

The uranium producer reported adjusted earnings per share of CA$0.50, surpassing the FactSet consensus estimate of CA$0.33. Revenue for the quarter reached CA$1.20 billion, also beating the CA$1.09 billion estimate. This represents year-over-year growth in both earnings and revenue, demonstrating strong operational performance.

The earnings beat reflects Cameco's solid execution across its uranium, fuel services, and Westinghouse segments, with the company highlighting disciplined supply strategy and improving market fundamentals in the nuclear energy sector.

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