Celestica 4Q Loss Narrows on Costs

The company lost $11.7 million, or 5 cents per share, compared with loss of $60.8 million, or 27 cents per share, during the same period a year prior. Revenue fell 2 percent to $2.21 billion from $2.26 billion.

Excluding restructuring charges and other special items, the company earned 16 cents per share. Analysts polled by Thomson Financial expected profit of 13 cents per share on revenue of $2.09 billion.

Restructuring charges during the quarter were cut by more than half to $24 million from $59 million a year prior.

For the full year, the company lost $13.7 million, or 6 cents per share, compared with a loss of $150.6 million, or 66 cents per share, in 2006. Revenue fell to $8.07 billion from $8.81 billion.

Celestica shares rose 37 cents, or 6.6 percent, to $6 in after-hours trading after rising 22 cents, or 4.1 percent, to close at $5.63 during the regular trading session.