On November 11, Celestica rose 5.46% in Pre-Market Trading, trading at $223.89/share, with turnover of $513 million.

The clearest catalyst remains the company’s previously reported third-quarter results and higher full-year adjusted EPS outlook, which continued to support sentiment in the latest market coverage.

Celestica reported third-quarter revenue of $5.83 billion, up 83% year over year, while adjusted EPS came in at $3.30, above the $2.99 consensus estimate. The company also raised its full-year adjusted EPS guidance to $11.55, ahead of the $11.21 market expectation. Recent coverage indicated that these earnings and guidance revisions were still being cited as the core driver behind the stock’s strength, even as at least one firm trimmed its target price while maintaining an outperform rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)