Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle productionDiluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenueAdjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rateNormal Course Issuer Bid to purchase up to 10% of our public float of Common Shares, with purchases expected to commence in the fourth quarter of 2024 AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- ...

In its upcoming report, Magna (MGA) is predicted by Wall Street analysts to post quarterly earnings of $1.48 per share, reflecting an increase of 1.4% compared to the same period last year. Revenues are forecasted to be $10.57 billion, representing a year-over-year decrease of 1.1%. Over the last 30 days, there has been a downward revision of 4.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...

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AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. THIRD QUARTER 2024 RESULTS WEBCAST FRIDAY – NOVEMBER 1, 2024 8:00 AM ET LIVE AUDIO WEBCAST Webcast registration: https://events.q4inc.com/attendee/431432937 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMA ...

September 30, 2024 (Maple Hill Syndicate) – Geraldine Weiss, who died two years ago at age 96, was a successful investment newsletter writer at a time when few women were prominent in finance. She wrote a book called Dividends Don't Lie. Weiss's investment strategy was to invest in stocks with a dividend yield above that stock's own historical average. It's a contrarian strategy, based partly on the premise that the company's stock may be temporarily depressed, pushing up the dividend yield. Gurufocus.com, ...

Magna International Inc. (MGA) is facing challenges from lower-than-anticipated vehicle production in Europe, cancellation of programs, discontinued production of Fisker Ocean and hefty investment in technologically advanced products. Let's find out why this Zacks Rank #4 (Sell) stock should be avoided. Magna has made a downward revision in its 2024 & 2026 sales and adjusted EBIT margin outlook. Lower-thananticipated vehicle production in Europe and ceased production of the Fisker Ocean are expected to act ...

Shares of Magna International (MGA) have lost 7.9% since the company reported second-quarter 2024 results. The auto equipment provider reported adjusted earnings of $1.35 per share, which declined from the year-ago quarter's $1.50 and missed the Zacks Consensus Estimate of $1.46. Net sales remained flat year over year at $11 billion and missed the Zacks Consensus Estimate of $11.11 billion. Segmental Performance The Body Exteriors & Structures segment's revenues were $4.47 billion, down 2% year over year. T ...

Magna International Inc. (NYSE:MGA) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Swamy Kotagiri - Chief Executive Officer Patrick McCann - Executive Vice President, Chief Financial Officer Louis Tonelli - Vice President, Investor Relations Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Tamy Chen - BMO Capital Markets Dan Levy - Barclays James Picariello - BNP Paribas Mark Delaney - Goldman Sachs Itay Michaeli - Citi Brian Morrison - ...

Magna (MGA) reported $10.96 billion in revenue for the quarter ended June 2024, representing a year-overyear decline of 0.2%. EPS of $1.35 for the same period compares to $1.50 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $11.11 billion, representing a surprise of -1.36%. The company delivered an EPS surprise of -7.53%, with the consensus EPS estimate being $1.46. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Magna (MGA) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.53%. A quarter ago, it was expected that this automotive supply company would post earnings of $1.28 per share when it actually produced earnings of $1.08, delivering a surprise of -15.63%. Over the last four quarters, the ...