Magna Int'l (MGA) Tops Q4 EPS by 8c

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Go back to Magna Int'l (MGA) Tops Q4 EPS by 8c

Auto parts maker Magna gets boost from Europe, North America demand

February 26, 2016 5:20 AM EST

(Reuters) - Canadian auto parts maker Magna International Inc (NYSE: MG) (NYSE: MGA) reported a much higher-than-expected quarterly profit as low gasoline prices boosted demand for vehicles in Europe and North America.

The company, whose shares were up about 5.5 percent at C$50.68, said it could make more acquisitions, failing which it could buy back more shares.

"It will be interesting to see what happens with the economy and what happens with... More