Celestica Shares Drop 16% After Earnings Despite Outperforming Expectations
Celestica (CLS) shares fell 16% following its earnings report, despite beating first-quarter expectations and raising full-year guidance. The stock's sharp decline was attributed to a smaller-than-expected earnings beat relative to its recent performance trend. The company raised 2026 revenue guidance to $19 billion and expects stronger results in the second half of the year.
Tickers: $CLS
Topics: AI and cloud infrastructure earnings report guidance update market reaction stock price movement