Centrus Energy falls after Q1 loss

Centrus Energy

08/05/2024 14:25

** Shares of nuclear fuel supplier Centrus Energy  LEU.A 
down 10.1% at $39.84 premarket 
    ** Co posts Q1 net loss of $6.1 mln vs year-ago profit of
$7.2 mln 
    ** Co says that revenue from its low-enriched uranium
segment more than halved to $23.6 mln due a decrease in sales
volumes and prices
    ** "Our first quarter results reflect the expected
quarter-to-quarter fluctuations in our revenues and margins,
largely resulting from the timing of customer deliveries," says
CEO Amir Vexler
    ** Up to last close, stock is down 18.6% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))