Top 20 Trending AI News And Analyst Ratings

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13. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 38 

Celestica Inc. (NYSE:CLS) offers a range of product manufacturing and related supply chain services. The company beat market expectations on earnings per share and revenue for the second quarter by $0.09 and $140 million respectively. Rob Mionis, the CEO of the firm, said during the earnings call that with the strong performance of his firm in the first half of the year and favorable demand dynamics continuing, the firm would raise the full year 2024 outlook. Mionis anticipates achieving revenue of $9.45 billion and non-IFRS adjusted EPS of $3.62 in 2024, which, if achieved, would represent 19% and 49% growth, respectively, compared to 2023. The CEO said his company continued to stay focused on solid execution for customers and delivering on strategic priorities and financial targets.

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