04:12 PM EST - Celestica Inc. : announced that its first quarter GAAP net earnings were $19.2 million U.S. or $0.08 U.S. per share, compared to GAAP net earnings of $29.8 million U.S. or $0.13 U.S. per share for the same period last year. Adjusted net earnings for the quarter were $29.3 million U.S., or $0.13 U.S. per share, compared to adjusted net earnings of $35.4 million U.S., or $0.15 U.S. per share, for the same period last year. Revenue for the quarter was $1.469 billion U.S., compared to $1.836 billion U.S. in the first quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 U.S. per share on revenues of $1.51 billion U.S. for the quarter. Analysts' estimates typically exclude special items. For the second quarter, the company anticipates revenue to be in the range of $1.3 billion U.S. to $1.45 billion U.S., and adjusted net earnings per share to range from $0.07 U.S. to $0.13 U.S. Analysts expect the company to report earnings of $0.09 U.S. per share on revenues of $1.49 billion U.S. for the second quarter. Celestica Inc.
shares T.CLS are trading up $0.81 at $6.49.
