July 23, 2010 / 11:49 AM / 8 years ago

UPDATE 1-Celestica posts Q2 loss on higher restructuring charges

* Q2 loss of $0.03 vs EPS $0.02 yr ago

* Revenue up 14 pct

* Sees Q3 adj EPS $0.20-$0.24 (In U.S. dollars unless noted)

July 23 (Reuters) - Contract electronics manufacturer Celestica Inc (CLS.TO) (CLS.N) on Friday reported a quarterly net loss, hurt by higher restructuring charges, but said recent contract wins would boost revenue growth in the fourth quarter.

Celestica, which counts BlackBerry maker Research In Motion Ltd RIM.TO RIMM.O as its biggest customer, reported a second-quarter loss of $6.1 million, or 3 cents a share, compared with a net profit of $5.3 million, or 2 cents a share, a year ago.

For the quarter ended June 30, it earned 21 cents a share on an adjusted basis.

Revenue rose 14 percent to $1.59 billion.

Analysts on average had expected earnings of 21 cents a share, before items, on revenue of $1.57 billion, according to Thomson Reuters I/B/E/S.

Restructuring and other charges rose to $23.8 million from $20.7 million a year ago.

Celestica, one of the five largest contract electronics manufacturers in the world, forecast third-quarter adjusted profit of 20 cents to 24 cents a share. It sees revenue of $1.55 billion to $1.65 billion.

Shares of Celestica, spun off from International Business Machines Corp (IBM.N) in 1996, closed at C$9.41 Thursday on the Toronto Stock Exchange. They have lost about 8 percent of their value year to date. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Anne Pallivathuckal)

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