07:24 AM EDT, 07/31/2024 (MT Newswires) -- Cameco ( CCJ ) said Wednesday that it swung to adjusted net earnings in the second quarter from a loss a year ago.

The uranium producer booked adjusted net earnings of $62 million, or $0.14 per share, reversing an adjusted loss of $3 million, or $0.01 per share.

Revenue increased 24% to $598 million while adjusted EBITDA surged to $337 million from $54 million.

"Second quarter operational performance was strong, driving financial results that remain in line with our full-year 2024 outlook," President and CEO Tim Gitzel said.

Cameco ( CCJ ) said it continues to expect strong cash flow generation, with estimated consolidated revenue of between about $2.85 billion and $3.0 billion for 2024.

Cameco ( CCJ ) was up 0.2% at last look to US$44.37 in NYSE pre-market trading.