Shares of Celestica (CLS) surged 9.02% in after-hours trading on Monday following the release of its second-quarter financial results that significantly exceeded analyst expectations. The electronics manufacturing services company demonstrated strong performance across key metrics, signaling robust growth and operational efficiency.
Celestica reported adjusted earnings per share of $1.39, handily beating the analyst consensus estimate of $1.22 by 13.93%. This represents a substantial year-over-year increase of 52.75% from $0.91 per share in the same period last year. The company's revenue also impressed, coming in at $2.893 billion, surpassing the analyst consensus estimate of $2.652 billion by 9.09%. This marks a 20.94% increase compared to the $2.392 billion reported in the same quarter of the previous year.
The stellar earnings report underscores Celestica's ability to navigate challenging market conditions and capitalize on growth opportunities. Investors responded enthusiastically to the company's performance, driving the stock up in extended trading. As the market digests these results, all eyes will be on Celestica's future guidance and its ability to maintain this momentum in the coming quarters.