Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%

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Go back to Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%

Magna International (MGA) Tops Q4 EPS by 8c, Revenues Beat; Offers FY20 Revenue Guidance

February 21, 2020 5:45 AM EST

Magna International (NYSE: MGA) reported Q4 EPS of $1.41, $0.08 better than the analyst estimate of $1.33. Revenue for the quarter came in at $9.4 billion versus the consensus estimate of $9.17 billion.

2019 was a challenging year on a number of fronts, however we continued to make significant investments in new technologies to support customer plans to produce lighter, safer, and cleaner vehicles. I... More