USEC (USU) provides an update on its FY12 outlook , saying it expects FY12 revenues to be $1.9B,...

|By:, SA News Editor

USEC (USU) provides an update on its FY12 outlook , saying it expects FY12 revenues to be $1.9B, which includes special items related to additional charges and revenues from its Paducah operations and divestments. Street estimates are for $1.5B. The company also says it expects gross profit margin to improve over 2011, and that its cash balance as of June 30 is expected to exceed $200M. Shares +27% AH.