Why Celestica Stock Soared This Week

Shares of data center infrastructure provider Celestica (NYSE: CLS) were up 14.9% for the week as of Thursday at 2:45 p.m. ET, according to data provided by S&P Global Market Intelligence. The main driver of the gain was a strong third-quarter earnings report on Monday, which featured double-digit revenue growth and even faster adjusted earnings growth.Image source: Getty Images.Celestica's revenue soared by 28% year over year in the third quarter, easily beating analyst expectations. Adjusted earnings per share also exceeded analyst estimates, growing by 52% to $1.58.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool