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Celestica: 2Q Earnings Snapshot

TORONTO (AP) _ Celestica Inc. (CLS) on Wednesday reported a second-quarter loss of $6.1 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 12 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.

The electronics manufacturing services company posted revenue of $1.45 billion in the period.

For the current quarter ending in October, Celestica said it expects revenue in the range of $1.4 billion to $1.5 billion.

Celestica shares have decreased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.10, a fall of 43% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLS at https://www.zacks.com/ap/CLS