U.S. Markets closed

Celestica misses 4Q profit forecasts

TORONTO (AP) _ Celestica Inc. (CLS) on Wednesday reported fourth-quarter earnings of $14.4 million.

On a per-share basis, the Toronto-based company said it had profit of 10 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 27 cents per share.

The results fell short of 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 $1.55 billion in the period.

For the year, the company reported profit of $105 million, or 72 cents per share. Revenue was reported as $6.11 billion.

For the current quarter ending in April, Celestica expects its per-share earnings to range from 20 cents to 26 cents.

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

Celestica shares have increased 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.03, a drop of 9 percent 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