Why Are Centrus Energy Shares Sliding On Wednesday?
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Centrus Energy Corp. (LEU) shares fell 19.87% to $212.34 on Wednesday after disappointing fourth-quarter results, missing Wall Street expectations for both revenue and earnings. The company reported earnings of 79 cents per share, below the $1.28 estimate, and revenue of $146.2 million, slightly below the $146.34 million consensus. Despite the downturn, Centrus announced a partnership with Fluor Corporation for a multi-billion-dollar uranium enrichment expansion in Ohio. Analysts maintain a Buy rating with an average price target of $213.53, reflecting mixed momentum in the stock's performance.
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