TORONTO (AP) — TORONTO (AP) — Celestica Inc. (CLS) on Thursday reported first-quarter net income of $86.2 million.
On a per-share basis, the Toronto-based company said it had net income of 74 cents. Earnings, adjusted for stock option expense and non-recurring costs, were $1.20 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The electronics manufacturing services company posted revenue of $2.65 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.55 billion.
For the current quarter ending in June, Celestica expects its per-share earnings to range from $1.17 to $1.27.
The company said it expects revenue in the range of $2.58 billion to $2.73 billion for the fiscal second quarter.
Celestica expects full-year earnings to be $5 per share, with revenue expected to be $10.85 billion.
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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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