Celestica Inc (CLS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Celestica Inc (CLS) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.22. The company posted revenue of $1353.30 million in the period, compared to analysts expectations of $1347.17 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Celestica Inc. Celestica Inc was Initiated by TD Securities to “Hold” on Feb 2, 2016.

Celestica Inc opened for trading at $10.56 and hit $10.79 on the upside on Monday, eventually ending the session at $10.71, with a gain of 1.13% or 0.12 points. The heightened volatility saw the trading volume jump to 1,93,284 shares. Company has a market cap of $1,537 M.

Celestica Inc. (Celestica) is a provider of supply chain solutions globally to original equipment manufacturers (OEMs) and service providers in the communications consumer diversified servers and storage end markets. The Company offers a range of services to its customers including design and development engineering services supply chain management new product introduction component sourcing electronics manufacturing assembly and test complex mechanical assembly systems integration precision machining order fulfillment logistics and after-market repair and return services. The Company’s products and services serve a range of applications including servers; networking wireless and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products for diagnostic imaging; audiovisual equipment; set top boxes; printer supplies; semiconductor equipment and a range of industrial and green technology products.

Celestica Inc

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