Stock Track | Cameco Shares Plunge After Missing Q3 Earnings Estimates

Stock Track

Nov 07, 2024

Shares of Cameco Corp. (NYSE: CCJ) plunged in pre-market trading on Wednesday after the Canadian uranium producer reported third-quarter earnings that missed analysts' expectations.

Cameco reported an adjusted loss of $0.01 per share for the quarter, significantly lower than the consensus estimate of $0.25 earnings per share. Revenue for the quarter came in at $721 million, missing analysts' expectations of $741.356 million.

The disappointing earnings results sent Cameco's stock tumbling over 7% in pre-market trading, as investors reacted negatively to the weaker-than-expected performance. The missed estimates raised concerns about the company's ability to meet its full-year targets and future growth prospects.

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(NYSE: CCJ) plunged in pre-market trading on Wednesday after the Canadian uranium producer reported third-quarter earnings that missed analysts' expectations.</p>\n\n<p>Cameco reported an adjusted loss of $0.01 per share for the quarter, significantly lower than the consensus estimate of $0.25 earnings per share. Revenue for the quarter came in at $721 million, missing analysts' expectations of $741.356 million.</p>\n\n<p>The disappointing earnings results sent Cameco's stock tumbling over 7% in pre-market trading, as investors reacted negatively to the weaker-than-expected performance. The missed estimates raised concerns about the company's ability to meet its full-year targets and future growth prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCJ","symbol_name":"Cameco Corp","start_time":0,"source_url":"","article_id":"1141210845","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141210845","pubTimestamp":1730980110,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Cameco Corp.  plunged in pre-market trading on Wednesday after the Canadian uranium producer reported third-quarter earnings that missed analysts' expectations.Cameco reported an adjusted loss of $0.01 per share for the quarter, significantly lower than the consensus estimate of $0.25 earnings per share. 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