Celestica Q2 Results Top Estimates; Sees Q3 In Line With View - Quick Facts

(RTTNews) - Celestica Inc. (CLS, CLS.TO) reported that its second-quarter net income increased to $28.0 million or $0.15 per share, up from $23.6 million or $0.11 per share in the same quarter last year.

Adjusted net earnings for the quarter declined to $38.6 million from $47.1 million last year. Adjusted earnings was $0.21 per share, down from $0.22 per share in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter slip to $1.495 billion from $1.745 billion in the prior year quarter. Eleven analysts had consensus revenue estimate of $1.44 billion for the quarter.

For the third quarter ending September 30, 2013, the company anticipates revenue to be in the range of $1.425 billion to $1.525 billion, and adjusted net earnings per share to be in the range of $0.17 to $0.23. The company expects a negative $0.05 to $0.10 per share (pre-tax) aggregate impact on an IFRS basis for the following items: stock-based compensation, amortization of intangible assets , excluding computer software, and restructuring charges. Analysts expect the company to report earnings of $0.20 per share and revenues of $1.50 billion for the third-quarter.