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
Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch. After long negotiations to win over one of the largest and fastest growing smart phone markets, Apple has decided to assemble its 4-inch screen iPhone SE in India.
comments powered by Disqus
Follow RTT