Celestica: 3Q Earnings Snapshot

Celestica: 3Q Earnings Snapshot

Associated Press
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TORONTO (AP) _ Celestica Inc. (CLS) on Wednesday reported third-quarter net income of $8.6 million.

On a per-share basis, the Toronto-based company said it had net income of 6 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 26 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The electronics manufacturing services company posted revenue of $1.71 billion in the period.

Celestica shares have climbed 5.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.06, a decline of 9.5 percent in the last 12 months.

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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

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