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Market: TSX
Sector: General Mining
EPIC: TSXC
Latest Price: 12,613.00  (0,00%)
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TSX News: Cameco, Allana Potash, Thomson Reuters, RIM and more

1st May 2012, 4:04 pm by Proactiveinvestors
TSX News: Cameco, Allana Potash, Thomson Reuters, RIM and more

Uranium producer, Cameco (TSE:CCO)(NYSE:CCJ) posted a 45 percent hike in its first quarter profits on Tuesday, beating analysts’ estimates largely on the success of its Uranium business.

For the three months ended March 31, Cameco posted net earnings of $132 million, or 33 cents per share, up 45 percent from $91 million, or 21 cents per share, a year ago.

Allana Potash Corp. (TSE:AAA)(OTCQX:ALLRF) said Tuesday it has received an updated NI 43-101-compliant mineral resource estimate from ERCOSPLAN on its Danakhil potash project in Ethiopia, increasing measured and indicated resources by more than 90 percent.

AbitibiBowater (TSE:ABH)(NYSE:ABH), which does business under the name of Resolute Forest Products, said Tuesday preliminary fiscal first-quarter profit slumped 31 percent amid soft demand and market headwinds.

Media company Thomson Reuters (TSE:TRI) Tuesday posted a first-quarter increase in earnings despite overall sales being mostly unchanged compared with the prior year. For the three months ended March 31, revenue from ongoing businesses grew 4 percent before currency changes to $3.19 billion, above the analysts' average forecast of $3.13 billion.

BlackBerry smartphone maker Research in Motion (NASDAQ:RIMM)(TSE:RIM) Tuesday unveiled its vision for the BlackBerry 10 at the BlackBerry World conference and released the initial toolkit to developers looking to create applications for its new platform - ahead of the increasingly important launch of its new smartphones later this year.

Talisman Energy (TSE:TLM) (NYSE:TLM) beat earnings estimates on Tuesday after posting a first quarter profit on higher production of liquids from its shale plays. The company also cut capital spending plans again as gas prices remained weak.

For the quarter ended March 31, the Calgary, Alberta-based company posted a net income of $291 million, or 28 cents per share, compared to a net loss of $326 million, or 32 cents per share in the first quarter of 2011.

Canadian airline giant WestJet Airlines (TSE:WJA) saw its first quarter profit beat Street estimates on Tuesday, and also announced it has selected Bombardier for its new regional airline.

WestJet, Canada's second-largest airline, said earnings rose to C$68.3 million, or 49 cents per share for the quarter that ended March 31, from C$48 million, or 34 cents, in the same period last year.

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