Magna International (MGA) Misses Q2 EPS by 7c

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Go back to Magna International (MGA) Misses Q2 EPS by 7c

Magna Announces Second Quarter 2021 Results

August 6, 2021 5:00 AM EDT

Sales more than doubled to $9.0 billion, reflecting global light vehicle production increase of 58%Diluted earnings per share and adjusted diluted earnings per share of $1.40, compared to losses of $2.17 and $1.71 last year, respectivelyReduced outlook, largely reflecting reduction in expected global light vehicle production due to continued industry semiconductor chip shortage

AURORA, Ontario, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2021.

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