Point72 Asia Singapore boosts Celestica Inc. stake; company beats profit forecasts.

Investment firm Point72 Asia Singapore increased its holdings in Celestica Inc. by acquiring 111,800 shares, now owning about 1.1% of the company. Celestica reported a profit of $1.04 per share, exceeding analysts' expectations. Several brokerages have given the stock a "buy" rating, with a projected EPS of 3.44 for the year. Institutional investors own 67.38% of the company’s shares, and Celestica provides supply chain solutions through two segments: Advanced Technology Solutions and Connectivity & Cloud Solutions.

December 01, 2024
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