Celestica Q3 revenue slightly down on expectations

Revenue in the third quarter was USD 1.58 billion, slightly lower than the companies guidance of USD 1.60 to 1.70 billion announced on July 27, 2012, and down from USD 1.83 billion earnt during the same period last year . Net earnings for the third quareter were USD 43.7 million down from USD 50.2 million. "Celestica delivered consistent profitability, solid returns and strong free cash flow in the third quarter, despite the challenging environment." said Craig Muhlhauser, Celestica President and Chief Executive Officer. "While we are taking the appropriate cost reduction actions to respond to the challenging economic environment, we continue to invest for our future and focus on delivering innovative solutions and operational excellence that creates value for our customers."