Magna International (MGA) Tops Q3 EPS by 60c, Revenues Beat; Raises FY20 Revenue Guidance Above Consensus
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Magna Announces Third Quarter 2020 Results
November 6, 2020 5:00 AM ESTSales 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 quarter of 2019Adjusted diluted earnings per share of $1.95, 38% higher than the third quarter of 2019Cash from operating activities of $1.6 billion, compared to $750 million in the... More
