Celestica (NYSE: CLS) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Celestica beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped. GAAP earnings per share grew significantly.

Gross margins shrank, operating margins dropped, net margins increased.

Revenue details
Celestica tallied revenue of $1.50 billion. The 12 analysts polled by S&P Capital IQ hoped for net sales of $1.44 billion on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $1.74 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.21. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. Non-GAAP EPS of $0.21 for Q2 were 4.5% lower than the prior-year quarter's $0.22 per share. GAAP EPS of $0.15 for Q2 were 36% higher than the prior-year quarter's $0.11 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 6.4%, 30 basis points worse than the prior-year quarter. Operating margin was 2.1%, 90 basis points worse than the prior-year quarter. Net margin was 1.9%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.50 billion. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $5.90 billion. The average EPS estimate is $0.77.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 164 members out of 186 rating the stock outperform, and 22 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Celestica a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Celestica is hold, with an average price target of $8.63.

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