Plus   Neg

Magna International Inc. Q2 adjusted earnings of $1.67 per share

Magna International Inc. (MGA) reported a profit for its second quarter that rose from the same period last year.

The company's bottom line totaled $626 million, or $1.77 per share. This compares with $548 million, or $1.44 per share, in last year's second quarter.

Excluding items, Magna International Inc. reported adjusted earnings of $590 million or $1.67 per share for the period.

The company's revenue for the quarter rose 12.5% to $10.28 billion from $9.14 billion last year.

Magna International Inc. earnings at a glance:

-Earnings (Q2): $590 Mln. vs. $551 Mln. last year.
-EPS (Q2): $1.67 vs. $1.45 last year.
-Revenue (Q2): $10.28 Bln vs. $9.14 Bln last year.

Full year revenue guidance: $40.3 - $42.5 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT