April 21, 2011 / 11:51 AM / in 7 years

CORRECTED-UPDATE 1-Celestica Q1 beats; to buy some Brooks Automation ops

(Corrects headline to say Celestica is buying only some operations of Brooks Automation, not the whole company)

* Sees Q2 EPS $0.22-$0.28; rev $1.75-$1.90 bln

* To buy certain ops of Brooks Automation for about $80 mln

* Q1 adj EPS $0.25 vs est $0.23

* Q1 rev up 18 pct at $1.80 bln (Follows alerts)

April 21 (Reuters) - Celestica Inc’s quarterly results topped estimates, helped by new programs launched last year, and the Canadian contract electronics maker said it would buy certain operations of diversified manufacturer Brooks Automation .

Celestica, whose main business is making electronic components for BlackBerry maker Research In Motion Ltd , forecast second-quarter adjusted earnings of 22-28 cents per share, on revenue of $1.75-$1.90 billion.

Analysts, on average, were expecting second-quarter adjusted earnings of 25 cents a share on revenue $1.82 billion, according to Thomson Reuters I/B/E/S.

The Toronto-based company said it would buy the semiconductor equipment contract manufacturing operations of Brooks Automation for about $80 million.

First-quarter profit rose to $30 million, or 14 cents a share, compared with $28.5 million, or 12 cents a share, a year ago. Adjusted profit was 25 cents a share.

Revenue rose 18 percent to $1.80 billion.

Analysts had expected earnings of 23 cents a share on revenue of $1.79 billion, according to Thomson Reuters I/B/E/S.

Shares of Celestica closed at C$10.05 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore;Editing by Vyas Mohan)

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