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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.
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Point72 Asia Singapore aumenta la participación de Celestica Inc.; la compañía supera las previsiones de beneficios.