10 Firms Buck Market Slump on Impressive Earnings, New Deals

8. Celestica Inc. (NYSE:CLS)

Celestica Inc. resumed a four-day winning streak on Friday, rising by 8.16 percent to finish at $123.47 apiece as investor sentiment was boosted by better-than-expected earnings last year coupled with an improved outlook for 2025.

In a statement released late Wednesday, Celestica said revenues for the fourth quarter of the year jumped by 19 percent to $2.55 billion, topping analyst expectations of $2.49 billion.

Earnings per share during the same period surged to $1.29 from 77 cents year-on-year.

Looking ahead, Celestica said it raised its full-year outlook as a reflection of its strengthening demand in Connectivity and Clouds Solutions (CCS) segment.

“We now anticipate revenue of $10.7 billion, an increase from our previous outlook of $10.4 billion, and non-GAAP adjusted EPS of $4.75, up from our previous outlook of $4.42,” Celestica said.

“Overall, the current demand environment for data center hardware is robust, as evidenced by recent customer forecasts as well as new AI program awards over the last 90 days, including our second and third 1.6T program wins. As such, we believe the positive momentum we are experiencing will continue beyond this year, and into 2026.”