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Magna International Inc. Q2 adjusted earnings Miss Estimates

Below are the earnings highlights for Magna International Inc. (MGA):

-Earnings: -$647 million in Q2 vs. $452 million in the same period last year.
-EPS: -$2.17 in Q2 vs. $1.42 in the same period last year.
-Excluding items, Magna International Inc. reported adjusted earnings of -$511 million or -$1.71 per share for the period.
-Analysts projected -$1.63 per share
-Revenue: $4.29 billion in Q2 vs. $10.13 billion in the same period last year.

-Guidance:
Full year revenue guidance: $30.0 - $32.0 Bln

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