Why Celestica Stock Is Plummeting Today
(NYSE: CLS) stock is falling fast in Tuesday's trading. The technology company's share price was down 15.7% as of 2:20 p.m. ET. The S 500 was down 0.6% at the same point in the daily session, and the Nasdaq Composite was down 1.1%.
Celestica published its first-quarter results after yesterday's market close and reported sales and earnings for the period that beat Wall Street's targets. Despite performance beats in Q1 and seemingly solid forward guidance, the stock is getting hit with a big valuation pullback today.
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Source Fool.com
