Magna Reports Record Third Quarter Results

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Go back to Magna Reports Record Third Quarter Results

Magna International (MGA) Tops Q3 EPS by 5c, Revenues Miss; Lowers FY18 Revenue Mid-Point Outlook

November 8, 2018 5:49 AM EST

Magna International (NYSE: MGA) reported Q3 EPS of $1.56, $0.05 better than the analyst estimate of $1.51. Revenue for the quarter came in at $9.62 billion versus the consensus estimate of $9.7 billion.

We remain confident in our cash flow expectations, despite somewhat softer global vehicle... More