Celestica Stock Falls Despite Strong Q1 Earnings and Revenue Beat
Celestica (CLS) stock fell 15.7% on Tuesday despite beating Q1 earnings and revenue expectations and raising full-year targets. The company reported non-GAAP earnings per share of $2.16 on revenue of $4.05 billion, with a 53% year-over-year revenue growth. The stock's decline was not influenced by broader market trends, which also saw declines in major indices.
Tickers: $CLS
Topics: Earnings Beat Market Reaction Revenue Growth Stock Performance