By Chris Wack
Centrus Energy shares were up 31% on Friday to $106.92 after the company posted fourth-quarter earnings that beat analysts' expectations.
The company, which provides nuclear fuel components and services for the nuclear power industry, on Thursday said it had quarterly earnings of $53.7 million, or $3.20 a share, compared with $56.3 million, or $3.58 a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $20.7 million, or $1.25 a share.
Revenue for the quarter was $151.6 million, compared with last year's $103.6 million and the $106.7 million analysts were expecting.
The company's backlog is $3.7 billion as of Dec. 31, and extends to 2040.
Centrus said that during the quarter, it secured new government contracts, made contingent sales of $2 billion in contracts and commitments, and obtained private financing that will help underpin a potential expansion of its enrichment plant in Ohio.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 07, 2025 13:46 ET (18:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。