Magna Shares Rise 12% Since Q3 Earnings Miss Expectations [Yahoo! Finance]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Yahoo! Finance
The auto equipment provider reported adjusted earnings of $1.28 per share, which declined from the year-ago quarter's $1.46 and missed the Zacks Consensus Estimate of $1.48. Net sales declined 3.8% year over year to $10.3 billion and missed the Zacks Consensus Estimate of $10.6 billion. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. Magna International Inc. price-consensus-eps-surprise-chart | Magna International Inc. Quote The Body Exteriors & Structures segment's revenues were $4.04 billion, down 4% year over year. This can be attributed to the end of production of certain programs, lower production on a few programs, divestitures and customer price concessions. Revenues also lagged the Zacks Consensus Estimate of $4.32 billion. The segment reported an adjusted EBIT of $273 million, down from $358 million recorded in the year-ago period. The metric also missed the Zacks Consensus Estimate of $345 million because of higher production input costs net
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MGA
News
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- Auto Part & Accessory Manufacturing Market is Projected to Reach US$ 3879.15 billion by 2034, Growing at a 6.9% CAGR | Fact.MR Report [Yahoo! Finance]Yahoo! Finance
- Germany Automotive Cameras Market Analysis and Forecast 2024-2032, by Type, Technology, Vehicle Type, Application, and Sales Channel - The Market Reached $394.73 Million in 2024 [Yahoo! Finance]Yahoo! Finance
MGA
Earnings
- 11/1/24 - Miss
MGA
Sec Filings
- 11/5/24 - Form 6-K
- 11/1/24 - Form 6-K
- 11/1/24 - Form 6-K
- MGA's page on the SEC website