- Celestica (NYSE:CLS) is close to its 52-week high of $13.07 after beating Q2 estimates with the help of strong demand from telecom, storage, and chip industry clients. The contract manufacturer has guided for Q3 revenue of $1.4B-$1.5B and EPS of $0.28-$0.34 vs. a consensus of $1.44B and $0.28.
- Also: Celestica has announced a deal to sell Toronto HQ and nearby manufacturing assets to a consortium of real estate developers for C$137M ($105M). Celestica will lease back "its existing head office and manufacturing premises on a portion of the real estate." The first two years will be rent-free.
- Q2 results, PR