Q: Thoughts please on their quarter
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5i Research Answer:
EPS of $1.04 beat estimates of $0.94; revenue of $2.50B beat estimates of $2.41B. EBITDA of $225.4M beat estimates by 17%. Q4 revenue guidance was raised to $2.43B to $2.58B, vs estimates $2.45B. EPS guidance goes to $3.85 from $3.60 estimated prior. Cash flow guidance was also raised. Q3 revenue rose 22.5% as business conditions remain robust. CLS has also bought back $100M in shares. The quarter was solid and the outlook should make investors happy. Things continue to click along nicely.