Celestica Inc. (CLS, CLS.TO) reported a fall in first-quarter IFRS net earnings to $10.5 million, or $0.06 a share, from last year's $43.2 million, or $0.20 a share. On a non-IFRS basis, adjusted net earnings totaled $30.0 million, or $0.16 a share for the recent period. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.15 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly revenue decreased to $1.37 billion, from $1.69 billion a year earlier. Analysts estimated revenues of $1.38 billion for the quarter.
For the second quarter, the company sees revenue in the range of $1.375 to $1.475 billion, and adjusted earnings per share of $0.13 to $0.19. Celestica expects a negative $0.05 to $0.10 per share (pre-tax) aggregate impact on an IFRS basis for the following items: stock-based compensation, amortization of intangible assets (excluding computer software) and restructuring charges. Analysts project second-quarter earnings of $0.16 a share, and revenue of $1.40 billion.
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