Celestica Beats Estimates, Gains 9% in Preopen Trading

Celestica(CLS Quote - Cramer on CLS - Stock Picks) gained 9% in preopen Instinet trading.

After the close Wednesday, the electronics manufacturer posted fourth-quarter earnings of 52 cents, soundly beating the First Call/Thomson Financial estimate. The year-ago result was 22 cents.

Celestica said 2001 revenue and earnings would be well above the Street's consensus. Deutsche Banc Alex. Brown, Goldman Sachs, Prudential Securities and UBS Warburg raised their earnings estimates for 2001.