Celestica Inc. (NYSE:CLS) is one of the 10 Stocks Reeling From Huge Losses.
Celestica saw its share prices nosedive by 14.37 percent on Tuesday to finish at $361.54 apiece, as investors resorted to profit-taking after soaring to an all-time high, while “selling on news” after a strong earnings performance.
On Monday alone, Celestica Inc. soared to its highest price of $423.25—primarily driven by strong investor confidence for the company amid the booming AI—pushing investors to “sell on news”—an investor strategy where shares of companies are sold immediately after the release of positive news, as expected gains were already priced in the previous trading days.
Photo from Celestica website
Additionally, Celestica Inc. has already seen its share price climb by as much as 50 percent heading into month-end.
On Tuesday, the company said that it more-than-doubled its net earnings in the first quarter of the year to $212.3 million from $86.2 million in the same period last year. Revenues jumped by 53 percent to $4.05 billion from $2.65 billion year-on-year.
The strong start to the year pushed Celestica Inc. to raise its full-year 2026 revenue outlook to $19 billion from $17 billion previously, as well as adjusted earnings per share of $10.15 versus $8.75 prior.
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