Movement Alert｜Celestica Intraday Rise 6.99% in Regular Trading, strong quarterly results and raised full-year guidance continued to support shares

Market Focus

Yesterday

On November 11, Celestica recorded an Intraday Rise of 6.99% in Regular Trading, trading at $236.36 per share, with turnover of $75.4057 million.

The main catalyst cited in recent market updates remained the company’s previously reported third-quarter results and increased full-year adjusted EPS outlook, which continued to underpin sentiment.

Celestica reported third-quarter revenue of $5.83 billion, up 83% year over year, while adjusted EPS came in at $3.30 versus the $2.99 consensus estimate. The company also raised full-year adjusted EPS guidance to $11.55, above the $11.21 market expectation. Recent market commentary also noted that although one institution lowered its target price to $340, it maintained an outperform rating, indicating continued confidence in the company’s medium- to long-term fundamentals.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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