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Company News

BRIEF-Cameco qtrly GAAP loss per share $0.31

Oct 27 (Reuters) - Cameco Corp:

* Cameco reports third quarter results

* Cameco Corp - qtrly GAAP loss per share $0.31

* Cameco Corp - qtrly adjusted net losses per share $0.13

* Cameco Corp - qtrly revenue $486 million versus $670 million

* Q3 earnings per share view C$0.05, revenue view C$494.1 million -- Thomson Reuters I/B/E/S

* Cameco Corp - continue to expect 2017 adjusted net earnings to be weaker than in 2016

* Cameco Corp - in uranium segment, co expects production of 24.0 million pounds, delivery volumes between 32 million and 33 million pounds for 2017

* Cameco Corp - continue to expect cash from operations to be higher in 2017 than $312 million reported in 2016

* Cameco Corp - on a consolidated basis, we expect a tax expense of less than $10 million, and capital expenditures of $160 million for 2017

* Cameco Corp - “remain confident in our position” on CRA trial; expect decision from judge could take six to 18 months

* Cameco Corp - Q3 results impacted by loss of revenue under disputed TEPCO contract and associated $111 million impairment of NUKEM’s goodwill

* Cameco corp - in uranium segment, co expects delivery volumes between 32 million and 33 million pounds, average realized price of $47.50/lb for 2017

* Cameco Corp - “there has been little change to market and we continue to face difficult conditions”

* Cameco Corp - willing to accept some variability in production this year & expect there could be further variability in future Source text for Eikon: Further company coverage:

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