Skip to main content

Contract electronics manufacturer


(CLS) - Get Free Report

on Thursday hewed its loss in the third quarter but missed Street estimates by 2 cents.

The company reported a loss of $19.6 million, or 9 cents a share. That compares with a year-ago loss of $24.4 million, or 11 cents a share.

Excluding items and charges, Toronto-based Celestica earned $27.1 million, or 12 cents a share for the quarter, compared with $25.3 million, or 11 cents, in the same period last year. Analysts polled by Thomson First Call were looking for earnings of 14 cents a share.

Revenue fell 8.4% year over year to $1.99 billion from $2.18 billion. Analysts were expecting revenue of $2.06 billion.

Celestica warned that revenue for the coming quarter would range from $1.9 billion to $2.1 billion vs. $2.23 billion consensus. It forecast earnings of 10 cents to 18 cents vs. the consensus estimate of 20 cents.

CEO Steve Delaney attributed the quarter's results to the "continued weakness we had previously highlighted from our largest communications and information technology end markets."

Shares of the company, which boasts


(IBM) - Get Free Report

, and


( LU) among its customers, ended the regular session down 8 cents to $10.57.