Why Centrus Energy Stock Was Soaring This Week
According to data compiled by S&P Global Market Intelligence, Centrus Energy (NYSEMKT: LEU) stock was having quite the run with an almost 21% price rise week to date as of early Friday morning. Investors clearly liked what they saw of the nuclear fuel and services supplier's latest set of quarterly earnings, released after Wednesday's market close.That's because Centrus absolutely crushed the average analyst estimate for its first-quarter profitability, and convincingly topped that for revenue. Image source: Getty Images.Continue reading
According to data compiled by S&P Global Market Intelligence, Centrus Energy (NYSEMKT: LEU) stock was having quite the run with an almost 21% price rise week to date as of early Friday morning. Investors clearly liked what they saw of the nuclear fuel and services supplier's latest set of quarterly earnings, released after Wednesday's market close.
That's because Centrus absolutely crushed the average analyst estimate for its first-quarter profitability, and convincingly topped that for revenue.
Image source: Getty Images.
