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Why Celestica Stock Soared This Week

TheMotleyFool

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Why Celestica Stock Soared This Week: https://g.foolcdn.com/editorial/images/840508/gettyimages-1316753802-1.jpg

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.

Image source: Getty Images.

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