Why Celestica Stock Soared This Week
Shares of data center infrastructure provider (NYSE: CLS) were up 14.9% for the week as of Thursday at 2:45 p.m. ET, according to data provided by S&P Global Market Intelligence. The main driver of the gain was a strong third-quarter earnings report on Monday, which featured double-digit revenue growth and even faster adjusted earnings growth.
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Celestica's revenue soared by 28% year over year in the third quarter, easily beating analyst expectations. Adjusted earnings per share also exceeded analyst estimates, growing by 52% to $1.58.
Source Fool.com
