Magna Announces First Quarter 2021 Results
- Stocks face worst month since September, yen swings after BoJ
- Microsoft fiscal Q3 results top estimates as AI revolution spurs cloud growth
- Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
- Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
- Oil prices on track to snap two-week losing streak
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Magna International (MGA) Tops Q1 EPS by 29c, Revenues Beat; Raises FY21 Outlook
May 6, 2021 5:49 AM EDTMagna International (NYSE: MGA) reported Q1 EPS of $1.86, $0.29 better than the analyst estimate of $1.57. Revenue for the quarter came in at $10.18 billion versus the consensus estimate of $9.53 billion.
Sales of $10.2 billion increased 18%Global light vehicle production was up 18% driven by an 87% increase in ChinaIncome from operations before income... More