Celestica Inc (CLS)

Shares of Celestica (CLS) dropped by 10.39% from $25.51 to $22.68 in the trading on Thursday, October 6, 2023. The reason why CLS stock down is due to the company's mixed third-quarter performance. Celestica's third-quarter earnings exceeded expectations, with adjusted earnings of 65 cents per share on sales of $2.04 billion, beating analyst estimates. However, the company's sales guidance for the current quarter disappointed investors. Celestica projected adjusted earnings of 68 cents per share on sales of $2.08 billion, which fell below analyst expectations.