Magna Int'l (MGA) Tops Q2 EPS by 7c
Magna Int'l (NYSE: MGA) reported Q2 EPS of $1.41, $0.07 better than the analyst estimate of $1.34. Revenue for the quarter came in at $9.44 billion versus the consensus estimate of $9.24 billion.
UPDATED 2016 OUTLOOK
Light Vehicle Production (Units) | ||||
North America | 18.0 million | |||
Europe | 21.4 million | |||
Production Sales | ||||
North America | $19.4 - $20.0 billion | |||
Europe | $8.8 - $9.2 billion | |||
Asia | $2.1 - $2.3 billion | |||
Rest of World | $0.3 - $0.4 billion | |||
Total Production Sales | $30.6 - $31.9 billion | |||
Complete Vehicle Assembly Sales | $2.0 - $2.3 billion | |||
Total Sales | $35.5 - $37.2 billion | |||
EBIT Margin(2) | Approximately 8% | |||
Interest Expense, net | Approximately $90 million | |||
Tax Rate(2) | Approximately 26% | |||
Capital Spending | $1.8 - $2.0 billion | |||
(2) | Excluding other expense, net | |||
For earnings history and earnings-related data on Magna Int'l (MGA) click here.