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Magna International Inc. Q4 adjusted earnings Beat Estimates

Magna International Inc. (MGA) announced earnings for fourth quarter that decreased from last year.

The company's bottom line came in at $456 million, or $1.37 per share. This compares with $559 million, or $1.54 per share, in last year's fourth quarter.

Excluding items, Magna International Inc. reported adjusted earnings of $542 million or $1.63 per share for the period.

Analysts had expected the company to earn $1.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $10.14 billion from $9.68 billion last year.

Magna International Inc. earnings at a glance:

-Earnings (Q4): $542 Mln. vs. $571 Mln. last year.
-EPS (Q4): $1.63 vs. $1.58 last year.
-Analysts Estimate: $1.60
-Revenue (Q4): $10.14 Bln vs. $9.68 Bln last year.

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