Celestica Reports Stronger Earnings But Shares Fall Amid Market Sentiment
Celestica (CLS) reported Q1 earnings and guidance above expectations, but its shares fell in premarket trading. The stock had surged over 40% year-to-date, and the downgrade was attributed to market sentiment despite positive financial results. POET Technologies also faced losses after losing a key contract with Marvell.
Topics: Analyst Upgrade Contract Loss Earnings Report Political Commentary Stock Price Movement