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Why is Celestica Inc (CLS) Stock down?
We've noticed a 10.61% decline in Celestica Inc (CLS) stock during the 2024-09-06 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:
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.
3.39%
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