12:11 PM EDT, 10/24/2024 (MT Newswires) -- (Updates with the stock price movement in the headline and the first paragraph.)

Celestica ( CLS ) shares were up nearly 18% in recent trading on Thursday, a day after it posted Q3 adjusted earnings and revenue beat, and raised its 2024 guidance.

The company reported Q3 adjusted earnings late Wednesday of $1.04 per diluted share, up from $0.65 a year earlier.

Analysts polled by Capital IQ expected $0.94.

Revenue for the quarter ended Sept. 30 rose to $2.5 billion from $2.04 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.42 billion.

For Q4, the company expects adjusted EPS of $0.99 to $1.09 on revenue of $2.43 billion to $2.58 billion.

The consensus is for $0.95 and $2.46 billion, respectively.

For 2024, Celestica ( CLS ) said it now projects adjusted EPS at $3.85, up from its prior estimate of $3.62, while revenue is now pegged at $9.60 billion, compared with $9.45 billion previously.

Analysts are looking for $3.65 and $9.47 billion, respectively.

For 2025, the company expects adjusted EPS of $4.42 on revenue of $10.40 billion.

The consensus is for $4.08 and $10.37 billion, respectively.

Price: 67.59, Change: +10.12, Percent Change: +17.61