Centrus Energy (LEU) Misses Q3 EPS by 24c

Centrus Energy (NYSE: LEU) reported Q3 EPS of ($0.83), $0.24 worse than the analyst estimate of ($0.59). Revenue for the quarter came in at $33.6 million versus the consensus estimate of $33 million.

"This has been an exciting quarter for the company, with the launch of the Department of Energy's Advanced Reactor Demonstration Program – which could jump-start commercial demand for HALEU – and our successful capital raise," said Daniel B. Poneman, Centrus president and chief executive officer. "Construction of our HALEU demonstration plant is on schedule and on budget, and we are poised to be first to market with this promising new fuel when the demonstration is completed in 2022. We are continuing our efforts to improve our capital structure, having raised approximately $25 million and launched our tender offer to retire up to $60 million of the preferred."

For earnings history and earnings-related data on Centrus Energy (LEU) click here.

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