BUZZ-Celestica Inc: Hired by Honeywell unit for repair services

Tue Apr 21, 2015 1:16pm EDT
 
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** Electronics services company's shares up 4.2 pct at C$14.66

** U.S.-listed shares up 3.8 pct at $11.94; touch more than nine-month high of $12.34

** Says Honeywell Aerospace has subcontracted to company's assembly and test operations for certain product lines

** Says about 330 full-time employees from Honeywell Mississauga location have joined Celestica

** Separately, company forecasts Q2 revenue of $1.35 bln-$1.45 bln; reports Q1 revenue of $1.30 bln

** Forecasts Q2 adj earnings of 20-26 cents per share vs 19 cents reported in Q1

** Says to repurchase $350 mln of subordinate voting shares

** Up to Monday's close, company's Toronto-listed shares had fallen 20 pct in past 12 months while U.S.-listed shares had risen 7 pct