Cameco Net Income Doubles

Cameco (NYSE CCJ) announced that first quarter net income more than doubled to $133 million as uranium demand resulted in increased sales.

The Toronto Star reports........

Cameco, the world's top uranium producer, earned $133 million, or 37 cents a share, in the quarter ended March 31. That was up from $59 million, or 16 cents a share, in the year-earlier period.

The profit was shy of the 40 cents a share expected by analysts polled by Reuters.