* Revenue declines 14 percent
* Sees third-quarter adjusted profit of
* Second-quarter adjusted profit falls 18 pct
* Expects third-quarter revenue of $1.43-$1.53 billion
July 26 Canadian contract electronics
manufacturer Celestica Inc reported a 14
percent drop in quarterly revenue due to the loss of a contract
with BlackBerry Ltd.
The consumer business, which included sales from BlackBerry
last year, accounted for 7 percent of total revenue, down from
21 percent last year.
Sales at the communications business, the company's largest,
rose 12 percent to $627 million, accounting for 42 percent of
overall revenue. The business makes networking equipment for
Total revenue fell to $1.50 billion in the second quarter
From $1.74 billion a year earlier.
Toronto-based Celestica makes servers for manufacturers such
as IBM, Cisco and Juniper Networks Inc
Its products are also used in aerospace and defense
electronics, data storage devices and healthcare products for
The company's net income in the second quarter rose to $28.0
million, or 15 cents per share, from $23.6 million, or 11 cents
per share, a year earlier. Adjusted profit fell 18 percent to
$38.6 million, or 21 cents per share.
The company expects an adjusted profit of 17 cents to 23
cents per share for the third quarter on revenue of $1.43
billion to $1.53 billion in the third quarter.
Analysts were looking an adjusted profit of 20 cents per
share, on revenue of $1.51 billion, according to Thomson Reuters
Shares of Celestica closed at C$9.78 on the Toronto Stock
Exchange on Thursday.