logo
Share SHARE
FONT-SIZE Plus   Neg

Celestica Q1 Profit Rises - Quick Facts

Celestica Inc. (CLS,CLS.TO) reported that its first-quarter IFRS net earnings was $43.2 million or $0.20 per share, up from $30.0 million or $0.14 per share in the same quarter last year.

Non-IFRS Adjusted net earnings declined to $53.6 million from $54.7 million in the same quarter last year. Non-IFRS adjusted net earnings per share for the quarter was $0.25, compared to $0.25 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter declined to $1.69 billion from $1.80 billion in the prior year quarter. Nine analysts had consensus revenue estimate of $1.67 billion for the quarter.

For the second quarter ending June 30, 2012, the company anticipates revenue to be in the range of $1.65 billion to $1.75 billion, and adjusted net earnings per share to be in the range of $0.20 to $0.26. Analysts expect the company to report earnings of $0.25 per share on revenues of $1.76 billion for the second-quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Volkswagen AG declined around 3 percent in the morning trading, after the German automotive giant reported Tuesday lower profit and revenues in its first quarter, mainly reflecting weak passenger car volumes and negative currency impacts. Further, the company reiterated its outlook for fiscal 2016, expecting a decline in revenues. For Coca-Cola, patriotism is the new way for marketing and minting profit. The beverage giant joined with United Service Organizations Inc. or USO to bring out limited-edition patriotic Coca-Cola cans at the Memorial Day weekend to honor U.S. Service Members. The Coca-Cola cans are available at convenience stores now through July 4th. The holiday throng seeking to take a flight out to their preferred destinations at the at New York's Kennedy International Airport ahead of the Memorial Day holiday were in for a rude shock. Technology played a spoilsport, as a computer system broke down Sunday evening at a terminal, causing flight delays and cancellations that resulted in manual check-in process for thousands of holiday passeng
comments powered by Disqus
Follow RTT