Magna International (MGA) Misses Q2 EPS by 9c; offers guidance

Magna International (NYSE: MGA) reported Q2 EPS of $1.35, $0.09 worse than the analyst estimate of $1.44. Revenue for the quarter came in at $10.96 billion versus the consensus estimate of $11.01 billion.

GUIDANCE:

Magna International sees FY2024 revenue of $42.5-44.1 billion, versus the consensus of $43.299 billion.

Magna International sees FY2026 revenue of $44-46.5 billion, versus the consensus of $47.263 billion.

For earnings history and earnings-related data on Magna International (MGA) click here.

You May Also Be Interested In

• SanDisk stock target lifted at Bernstein to $3000 on new memory LTAs
• Logitech dips as BofA downgrades stock on demand outlook concerns
• Firefly Aerospace advances Sweden launch pad for 2028 Alpha rocket debut