Magna International Inc. (MGA) reported third quarter net income of $0.45 after the bell Thursday, compared to the loss of $1.93 reported last year.
Magna International Inc. gapped up Friday and has spiked higher in early trade. Shares are now up 3.95 at $48.15. The stock has been rising over the past 3 sessions and has set nearly a 3-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.