Magna Announces Third Quarter 2020 Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/25/2026

1. RNG
2. DECK
3. WDC
4. BMY
5. BYD
6. SPOT
7. WCN
8. TSCO
9. BE
10. SPY

Go back to Magna Announces Third Quarter 2020 Results

Magna International (MGA) Tops Q3 EPS by 60c, Revenues Beat; Raises FY20 Revenue Guidance Above Consensus

November 6, 2020 5:50 AM EST

Magna International (NYSE: MGA) reported Q3 EPS of $1.95, $0.60 better than the analyst estimate of $1.35. Revenue for the quarter came in at $9.1 billion versus the consensus estimate of $9.08 billion.

Sales of $9.1 billion decreased 2%, compared to 4% lower global light vehicle productionRecorded non-cash impairment charges of $200 million after income taxes and loss attributable to non-controlling interests related to our investment in an equity accounted transmissions joint ventureDiluted earnings per share of $1.35, compared to diluted loss per share of $0.75 in the third... More