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Magna Increases Full Year Outlook For Sales, Net Income - Quick Facts

Magna International Inc. (MG.TO,MGA) announced, for fiscal 2018, the company now expects: net income to Magna of $2.4 - $2.6 billion (prior guidance was $2.3 - $2.5 billion), and total sales in the range of $40.9 - $43.1 billion (prior guidance was $39.3 - $41.5 billion).

The company recorded sales of $10.79 billion for the first quarter of 2018, an increase of 21% over the first quarter of 2017. Adjusted diluted earnings per share increased 20% to $1.84 compared to $1.53 for the first quarter of 2017.

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