Celestica Shares Drop Despite Strong Q1 Earnings Report

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Celestica Inc. (NYSE:CLS) reported its first-quarter results after Monday’s closing bell, beating analyst estimates on the top and bottom lines. 

Here’s a look at the details inside the report. 

Q1 Details       

Celestica reported quarterly earnings of $2.16 per share, which beat the analyst consensus estimate of $2.07, according to Benzinga Pro data. 

Quarterly revenue clocked in at $4.05 billion, which beat the consensus estimate of $3.96 billion and was up from $2.65 billion in the same period last year.

Celestica reported the following Q1 highlights:

  • Revenue: $4.05 billion, increased 53% compared to $2.65 billion for the …

Full story available on Benzinga.com

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