Shares of Celestica Inc. (NYSE:CLS) surged 10.02% in after-hours trading on Monday, following the release of its impressive third-quarter earnings report. The Toronto-based electronics manufacturing services company not only beat analyst expectations but also raised its fiscal 2025 outlook, triggering a wave of investor enthusiasm.

Celestica reported quarterly earnings of $1.58 per share, significantly surpassing the analyst estimate of $1.47. Revenue for the quarter came in at $3.19 billion, exceeding the Street estimate of $3.01 billion. These results represent year-over-year growth of 52% in earnings per share and 28% in revenue, both exceeding the high end of the company's guidance ranges.

Adding to the positive sentiment, Celestica raised its fiscal 2025 revenue outlook to $12.2 billion, up from the previous $11.55 billion, and increased its adjusted EPS outlook to $5.90, up from $5.50. The company's strong performance and optimistic future projections have been met with enthusiasm from Wall Street analysts. Recent analyst actions include RBC Capital maintaining an Outperform rating with a raised price target of $315, and Goldman Sachs initiating coverage with a Buy rating and a $340 price target.