Celestica (NYSE:CLS) Gives Bullish Guidance, Shares Jump

Celestica (NYSE:CLS) outperformed in its latest quarter, driven by growing number of orders from major customers like Research in Motion (Nasdaq:RIMM) and Oracle (Nasdaq:ORCL).

Profit after items in the fourth quarter increased to $58.3 million, or 26 cents a share, up from $49.5 million, or 21 cents a share last year in the same quarter. Revenue in the quarter reached $1.88 billion.

Analysts had been looking for revenue of $1.77 billion and 23 cents a share in earnings.

Guidance for 2011 continues to be revenue growth to be at a rate of 10 to 15 percent, driven by smartphone and server deals.

Celestica was trading at $9.90, up $0.41, or 4.32 percent, as of 11:52 AM EST.