12:10 PM EST - Cameco Corp. : reported a 27% decline in its profit for the second quarter from the same period last year as lower revenues at its uranium, fuel services and electricity businesses more than offset an increase in gold revenue as well as higher uranium prices. Adjusted earnings for the latest quarter dropped 30% from the prior-year period. In addition, the company lowered its outlook for uranium production for fiscal year 2008. For the second quarter, the company's net income declined to $150 million, or $0.42 per share, from $205 million, or $0.55 per share in the same period last year. Cameco Corp.
shares T.CCO are trading up 21 cents at $33.10.
