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

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

Magna Announces Second Quarter 2022 Results

July 29, 2022 5:00 AM EDT

Sales of $9.4 billion increased 4%, compared to global light vehicle production increase of 2%Diluted loss per share of $0.54 includes $1.24 of non-cash impairment charges related to our investment in RussiaAdjusted diluted earnings per share decreased 41%Increased sales outlook     

AURORA, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2022.

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