Celestica Raises FY24 Revenue Outlook To $9.45B From Previous Outlook Of $9.1B (Est $9.126B); Adjusted EPS To $3.62 From Prior $3.30 (Est $3.33)
Portfolio Pulse from Benzinga Newsdesk
Celestica has raised its FY24 revenue outlook to $9.45 billion from the previous $9.1 billion, surpassing the estimated $9.126 billion. Additionally, the company has increased its adjusted EPS forecast to $3.62 from the prior $3.30, exceeding the estimated $3.33.
July 24, 2024 | 9:57 pm
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Celestica has raised its FY24 revenue outlook to $9.45 billion from the previous $9.1 billion, surpassing the estimated $9.126 billion. Additionally, the company has increased its adjusted EPS forecast to $3.62 from the prior $3.30, exceeding the estimated $3.33.
The increase in revenue and adjusted EPS outlooks indicates strong business performance and growth prospects for Celestica. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100