US Stock Market Move | Q3 financial report exceeds expectations, Celestica Inc. (CLS.US) rises over 6%
On Tuesday, Tianhong Technology (CLS.US) rose more than 6%, continuing to hit a new all-time high, with a 246% surge year-to-date.
On Tuesday, Celestica Inc. (CLS.US) rose more than 6%, continuing to hit a historical high this year with a surge of 246%. On the news front, the company's third-quarter financial report revealed a revenue of $3.19 billion, a 28% increase year-over-year, exceeding the expected $3.02 billion; the adjusted earnings per share increased by 52% to $1.58, also surpassing the expected $1.47.
The company announced an upward revision to its full-year 2025 performance outlook, with revenue raised from $11.55 billion to $12.2 billion, and adjusted earnings per share raised from $5.50 to $5.90. They also provided a forecast for the first time for 2026, with revenue forecasted to reach $16 billion, a 31.2% increase, and adjusted earnings per share expected to reach $8.20, a 39% increase.
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