Uranium Energy (NYSEMKT: UEC) stock sank this week, ending the period down 12.7% even after seeing significant rebound momentum in Thursday and Friday's sessions. Meanwhile, the S&P 500 and the Nasdaq Composite both ended the week up roughly 0.7%.
On June 9, Uranium Energy published its results for the third quarter of its current fiscal year -- which ended April 30. In addition to the market's negative reaction to the earnings report, the company also saw sell-offs connected to macroeconomic and geopolitical pressures.
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In fiscal Q3, Uranium Energy posted a net loss of $0.11 per share -- a performance that came in far worse than the average ***** yst estimate's call for a loss of $0.03 in the period. The business did not record any sales in the quarter.
Along with the quarterly report, Uranium Energy said that it expected production to increase in the current quarter. Management also said that it expected a Class IV cost study to be completed in the first half of the next calendar year, potentially paving the way for an accelerated commercialization ramp.
On June 9, Uranium Energy published its results for the third quarter of its current fiscal year -- which ended April 30. In addition to the market's negative reaction to the earnings report, the company also saw sell-offs connected to macroeconomic and geopolitical pressures.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
In fiscal Q3, Uranium Energy posted a net loss of $0.11 per share -- a performance that came in far worse than the average ***** yst estimate's call for a loss of $0.03 in the period. The business did not record any sales in the quarter.
Along with the quarterly report, Uranium Energy said that it expected production to increase in the current quarter. Management also said that it expected a Class IV cost study to be completed in the first half of the next calendar year, potentially paving the way for an accelerated commercialization ramp.
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