Celestica: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

TORONTO (AP) _ Celestica Inc. (CLS) on Wednesday reported third-quarter net income of $30.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had net income of 24 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The electronics manufacturing services company posted revenue of $1.55 billion in the period.

For the current quarter ending in December, Celestica expects its per-share earnings to range from 22 cents to 28 cents.

The company said it expects revenue in the range of $1.35 billion to $1.45 billion for the fiscal fourth quarter.

Celestica shares have dropped 19% since the beginning of the year. The stock has dropped roughly 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLS at https://www.zacks.com/ap/CLS