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Workers assemble components at a Celestica factory in the southern China city of Dongguan. (Vincent Yu)
Workers assemble components at a Celestica factory in the southern China city of Dongguan. (Vincent Yu)

Celestica posts small loss Add to ...

Celestica Inc. slipped to a small loss in the second quarter, reversing a year-earlier profit.

The Toronto-based company, which reports in U.S. currency, had a loss of $6.1-million (U.S.) or 3 cents a share with $1.59-billion in revenue.

That compared with earnings of $5.3-million or 2 cents per share in the second quarter of 2009, when revenue was $1.4-billion.

Celestica's adjusted earnings, which the company considers a better measure of its operational performance, were $48.3-million or 21 cents per share.

That was up from $31.4-million or 14 cents per share of adjusted earnings in the second quarter of 2009 and within analyst expectations.

Celestica also announced it's acquiring Allied Panels, an engineering and manufacturing company focused on medical devices, and also buying back up to nine per cent of its shares from the open market over the coming year.

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