AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported second-quarter earnings of $469 million.
On a per-share basis, the Aurora, Ontario-based company said it had profit of $1.72. Earnings, adjusted for non-recurring costs, came to $1.86 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The automotive supply company posted revenue of $10.98 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $10.74 billion.
Magna expects full-year earnings in the range of $6.70 to $7.30 per share, with revenue in the range of $41.3 billion to $42.5 billion.
_____
This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/MGA
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
