Stock Track | Centrus Energy Stock Plunges Despite Securing Lucrative Contracts

Stock Track

Oct 29, 2024

Shares of Centrus Energy Corp. (LEU) experienced a pre-market plunge of 5.01% on Monday, following the company's third-quarter earnings report that missed analyst expectations. Centrus reported a net loss of $0.30 per share, falling short of the estimated $0.22 earnings per share.

The disappointing earnings were primarily driven by a decline in gross profit from the company's low-enriched uranium (LEU) segment due to lower sales volume, despite higher-priced legacy contracts during the quarter.

However, Centrus secured significant new contracts from the U.S. Department of Energy (DOE) during the quarter, positioning the company for future growth. The company was awarded high-assay low-enriched uranium (HALEU) production and deconversion contracts, with a potential combined value of up to $2.7 billion. Additionally, Centrus signed $2 billion in contingent commitments from customers to support the deployment of LEU production capacity at its Piketon, Ohio facility.

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(LEU) experienced a pre-market plunge of 5.01% on Monday, following the company's third-quarter earnings report that missed analyst expectations. Centrus reported a net loss of $0.30 per share, falling short of the estimated $0.22 earnings per share.</p>\n\n<p>The disappointing earnings were primarily driven by a decline in gross profit from the company's low-enriched uranium (LEU) segment due to lower sales volume, despite higher-priced legacy contracts during the quarter.</p>\n\n<p>However, Centrus secured significant new contracts from the U.S. Department of Energy (DOE) during the quarter, positioning the company for future growth. The company was awarded high-assay low-enriched uranium (HALEU) production and deconversion contracts, with a potential combined value of up to $2.7 billion. Additionally, Centrus signed $2 billion in contingent commitments from customers to support the deployment of LEU production capacity at its Piketon, Ohio facility.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Centrus Energy Stock Plunges Despite Securing Lucrative Contracts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Centrus Energy Stock Plunges Despite Securing Lucrative Contracts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-29 20:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Centrus Energy Corp. (LEU) experienced a pre-market plunge of 5.01% on Monday, following the company's third-quarter earnings report that missed analyst expectations. Centrus reported a net loss of $0.30 per share, falling short of the estimated $0.22 earnings per share.</p>\n\n<p>The disappointing earnings were primarily driven by a decline in gross profit from the company's low-enriched uranium (LEU) segment due to lower sales volume, despite higher-priced legacy contracts during the quarter.</p>\n\n<p>However, Centrus secured significant new contracts from the U.S. Department of Energy (DOE) during the quarter, positioning the company for future growth. The company was awarded high-assay low-enriched uranium (HALEU) production and deconversion contracts, with a potential combined value of up to $2.7 billion. Additionally, Centrus signed $2 billion in contingent commitments from customers to support the deployment of LEU production capacity at its Piketon, Ohio facility.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEU","symbol_name":"Centrus Energy Corp.","start_time":0,"source_url":"","article_id":"1185977156","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185977156","pubTimestamp":1730206459,"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 Centrus Energy Corp.  experienced a pre-market plunge of 5.01% on Monday, following the company's third-quarter earnings report that missed analyst expectations. Centrus reported a net loss of $0.30 per share, falling short of the estimated $0.22 earnings per share.The disappointing earnings were primarily driven by a decline in gross profit from the company's low-enriched uranium  segment due to lower sales volume, despite higher-priced legacy contracts during the quarter.However, Cen","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LEU":"Centrus Energy Corp."},"translate_title":"尽管获得了利润丰厚的合同，Centrus Energy股价仍暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEU":1},"content_text":"Shares of Centrus Energy Corp. (LEU) experienced a pre-market plunge of 5.01% on Monday, following the company's third-quarter earnings report that missed analyst expectations. Centrus reported a net loss of $0.30 per share, falling short of the estimated $0.22 earnings per share.\nThe disappointing earnings were primarily driven by a decline in gross profit from the company's low-enriched uranium (LEU) segment due to lower sales volume, despite higher-priced legacy contracts during the quarter.\nHowever, Centrus secured significant new contracts from the U.S. Department of Energy (DOE) during the quarter, positioning the company for future growth. The company was awarded high-assay low-enriched uranium (HALEU) production and deconversion contracts, with a potential combined value of up to $2.7 billion. 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