U.S. Markets closed

Celestica: 3Q Earnings Snapshot

TORONTO (AP) _ Celestica Inc. (CLS) on Thursday reported a third-quarter loss of $6.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of 5 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 13 cents per share.

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

The electronics manufacturing services company posted revenue of $1.52 billion in the period.

For the current quarter ending in December, Celestica expects its per-share earnings to range from 12 cents to 18 cents.

The company said it expects revenue in the range of $1.43 billion to $1.53 billion for the fiscal fourth quarter.

Celestica shares have dropped 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.89, a drop of 38% 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