The Financial Post reports in its Wednesday, Nov. 1, edition that on Tuesday in Toronto Cameco soared to a 52-week intraday high of $57.62, before finishing ahead $4.37 at $56.73. A Canadian Press dispatch to the Post reports that the stock rallied after the uranium miner raised its revenue outlook for 2023 and reported a profit of $148-million in its latest quarter compared with a loss a year ago. Cameco says the profit amounted to 34 cents per diluted share for the quarter ended Sept. 30. That compared with a loss of $20-million or five cents per diluted share a year earlier. Revenue for the quarter totalled $575-million, up from $389-million in the same quarter last year. On an adjusted basis, Cameco says it earned 32 cents per diluted share, up from an adjusted profit of three cents per diluted share a year earlier. In its updated outlook, Cameco says it now expects consolidated revenue between $2.43-billion and $2.58-billion for 2023, up from its earlier expectations for between $2.38-billion and $2.53-billion, primarily driven by higher expected average realized prices under its contract portfolio. Demand for nuclear power is growing, a welcome change for the uranium sector, which has endured a tough decade.