Magna Announces First Quarter 2021 Results

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Go back to Magna Announces First Quarter 2021 Results

Magna International (MGA) Tops Q1 EPS by 29c, Revenues Beat; Raises FY21 Outlook

May 6, 2021 5:49 AM EDT

Magna 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