Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Craig Muhlhauser, Celestica CEO, speaks at the company's annual general meeting in Toronto on April 24. (Nathan Denette/NATHAN DENETTE/THE CANADIAN PRESS)
Craig Muhlhauser, Celestica CEO, speaks at the company's annual general meeting in Toronto on April 24. (Nathan Denette/NATHAN DENETTE/THE CANADIAN PRESS)

Manufacturing

Celestica's revenue beats guidance Add to ...

Celestica Inc. shares lifted 8.5 per cent Tuesday after the high-tech manufacturer reported first-quarter revenue of $1.7-billion (U.S.), at the top end of its expectations and in line with analysts' estimates.

The company's shares were up 71 cents at $9.07 in mid-morning trading on the Toronto Stock Exchange on Tuesday.

More related to this story

Celestica, which makes computer, communications and personal electronics products at factories around the world, had expected revenue of between $1.6-billion and $1.7-billion for the period ended March 31.

Celestica's net income was $43.2-million or 20 cents per share under International Financial Reporting Standards, up from $30-million or 14 cents per share.

After adjustments, Celestica's profit was $53.6-million or 25 cents per share, which was better than the company's guidance of between 18 to 24 cents per share.

Follow us on Twitter: @GlobeInvestor

 
Security Price Change
CLS-T Celestica Inc. 13.29 0.26
1.995 %
Add to watchlist
Live Discussion of CLS on StockTwits
More Discussion on CLS-T

More related to this story

Topics:

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories