Magna Announces Second Quarter Results

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Go back to Magna Announces Second Quarter Results

Magna International (MGA) Tops Q2 EPS by 5c, Revenues Beat; Lowers FY19 Revenue Outlook

August 8, 2019 5:48 AM EDT

Magna International (NYSE: MGA) reported Q2 EPS of $1.59, $0.05 better than the analyst estimate of $1.54. Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $9.95 billion.

Second quarter results came in slightly ahead of our expectations and our sales once again... More