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

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

Magna Reports Record Third Quarter Results

November 8, 2018 5:00 AM EST

Record third quarter sales, up 9% year over year to $9.6 billionRecord third quarter diluted earnings per share of $1.62, increased 17%Record third quarter Adjusted diluted earnings per share of $1.56, up 12% Returned $629 million to shareholders through share repurchases and dividendsReduced top end of outlook ranges for Total Sales, Adjusted Net Income attributable to Magna and revised outlook for Adjusted EBIT margin

AURORA, Ontario, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2018.  Please... More