Celestica: Q3 Earnings Snapshot

 Celestica Inc. (CLS) on Monday reported third-quarter earnings of $267.8 million.

The Toronto-based company said it had profit of $2.31 per share. Earnings, adjusted for one-time gains and costs, were $1.58 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The electronics manufacturing services company posted revenue of $3.19 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.02 billion.

For the current quarter ending in December, Celestica expects its per-share earnings to range from $1.65 to $1.81.

The company said it expects revenue in the range of $3.33 billion to $3.58 billion for the fiscal fourth quarter.

Celestica expects full-year earnings to be $5.90 per share, with revenue expected to be $12.2 billion.

_____

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

Comments

Leave a Reply