Q: comment on Celestica's results vs estimates, please.
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5i Research Answer:
EPS was 86c vs estimates of 72c. Revenue of $2.2B beat estimates of $2.10B. Q2 guidance for sales was increased to $2.18B from $2.14B and for earnings guidance was raised to 75c to 85c, from estimates of 72c. Full year earnings guidance was increased about 10%, to $3.30 per share. Q1 revenue rose 20%. This was a solid quarter and outlook, as the company continues to benefit from cost control and improving customer demand.