Cameco third-quarter adjusted profit falls

Fri Oct 30, 2015 7:35pm EDT
 
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(Reuters) - Canadian uranium producer Cameco Corp (CCO.TO: Quote)(CCJ.N: Quote) reported lower adjusted quarterly earnings on Friday as an oversupply in the market continued to affect demand and pricing.

On an adjusted basis, third quarter earnings were C$78 million, or C$0.20 per share, compared with C$93 million, or C$0.23 per share a year earlier.

Revenue rose about 11 percent to C$649 million.

(Reporting by Rod Nickel in Winnipeg and Ismail Shakil in Bengaluru; Editing by Ken Wills)