Magna Announces Second Quarter 2022 Results

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Magna International (MGA) Misses Q2 EPS by 11c; Offers FY22 Revenue Guidance

July 29, 2022 5:55 AM EDT

Magna International (NYSE: MGA) reported Q2 EPS of $0.83, $0.11 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $9.36 billion versus the consensus estimate of $8.93 billion.

GUIDANCE:

Magna International sees FY2022 revenue of $37.6-39.2 billion, versus the consensus of... More