Celestica Q1 Profit Declines; Issues Q2 Outlook - Quick Facts

(RTTNews) - Celestica Inc. (CLS, CLS.TO), a global leader in the delivery of end-to-end product lifecycle solutions, reported first-quarter net earnings of $19.7 million or $0.11 per share, compared to $37.3 million or $0.20 per share, prior year.

Adjusted earnings per share for the latest first quarter were $0.19, down from $0.26 per share in the comparable quarter last year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.22 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased 1% to $1.30 billion from $1.31 billion last year, while nine analysts expected revenue of $1.33 billion for the quarter.

For the second quarter, the company anticipates non-IFRS adjusted net earnings per share to be in the range of $0.20 to $0.26 and revenue in the range of $1.35 to $1.45 billion. Analysts currently expect the company to report second-quarter earnings per share of $0.26 on revenue of $1.45 billion.