Uranium miner Cameco reports $7M Q1 loss, revenue down from year ago

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Cameco Corp Notizia

Westinghouse Electric,Diluted Share,The Canadian Press

SASKATOON — Cameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co...

SASKATOON — Cameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co., one of the world's largest nuclear services businesses.

The uranium miner says it's loss attributable to equity holders amounted to $7 million or two cents per diluted share for the quarter ended March 31 compared with a profit of $119 million or 27 cents per diluted share a year earlier.On an adjusted basis, Cameco says it earned 13 cents per share in its latest quarter, down from 27 cents per share a year earlier.Last year, Cameco and Brookfield Renewable Partners closed their deal to buy Westinghouse Electric for US$4.

Under the deal, Brookfield Renewable, with its institutional partners, hold a 51 per cent stake, while Cameco owns 49 per cent. Here’s How Much You’d Have Now If You Invested $1,000 in Warren Buffett’s Berkshire Hathaway 10 Years AgoDo you have some extra cash to spare? These three discounted stocks are poised for a rebound. The post 3 Beaten-Down Stocks that Could Take Off in the New Bull Market appeared first on The Motley Fool Canada.These two dividend stocks don't just offer a nice dividend, but huge growth. With one potentially being a major winner in 2024.

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Uranium miner Cameco reports $7M Q1 loss, revenue down from year agoSASKATOON — Cameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co., one of the world's largest nuclear services businesses.
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