Magna Int'l (MGA) Tops Q3 EPS by 3c (Earlier)

Magna Int'l (NYSE: MGA) reported Q3 EPS of $1.13, $0.03 better than the analyst estimate of $1.10. Revenue for the quarter came in at $7.66 billion versus the consensus estimate of $7.75 billion.

Magna Int'l sees FY2015 revenue of $31.3-32.6 billion, versus the consensus of $32.61 billion.

OTHER MATTERS

Subject to approval by the Toronto Stock Exchange and the New York Stock Exchange, our Board of Directors approved a normal course issuer bid to purchase up to 40 million of our Common Shares, representing approximately 9.9% of our public float of Common Shares.� This normal course issuer bid is expected to commence on or about November 13, 2015 and will terminate one year later.

For earnings history and earnings-related data on Magna Int'l (MGA) click here.

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