Cameco reports first quarter results, Cigar Lake restart and the continued execution of strategy to support global clean-air transition

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Cameco Corp. (CCJ) Misses Q1 EPS by 6c, Revenues Beat

May 7, 2021 7:08 AM EDT

Cameco Corp. (NYSE: CCJ) reported Q1 EPS of ($0.07), $0.06 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $290 million versus the consensus estimate of $252.94 million.

Our first quarter results were as expected, said Tim Gitzel, Camecos president and CEO. With the continued execution of our strategy and the unplanned disruptions due to the COVID-19 pandemic, we are not at the regular tier-one run rate of our business. However, despite the near-term costs of our strategy and associated with the precautionary production suspension at Cigar Lake, we ended the quarter... More