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USEC (USU Quote) boosted its 2006 earnings estimates on Monday, citing higher uranium prices and better gross margins as the contributing factors.
The company, a supplier of enriched uranium fuel for nuclear power plants, now expects revenue of $1.85 billion and net income of $105 million. Previously the company had forecast revenue of $1.8 billion and a profit of $65 million to $75 million.
At the same time, USEC warned that it expects to face "financial challenges" in 2007 due to increased power costs. ...
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