Celestica Shares Drop 16% After Earnings Despite Guidance Increase
Celestica (CLS) shares fell 16% following its earnings report, despite beating first-quarter expectations and raising full-year revenue guidance to $19 billion. The stock's sharp decline was attributed to a smaller-than-expected beat and concerns over potential delays in hyperscaler buildouts impacting future performance.
Tickers: $CLS
Topics: AI Networking Earnings Market Reaction Revenue Guidance Stock Price Movement