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Magna International Inc. Q2 adjusted earnings Miss Estimates

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

-Earnings: $424 million in Q2 vs. -$647 million in the same period last year.
-EPS: $1.40 in Q2 vs. -$2.17 in the same period last year.
-Excluding items, Magna International Inc. reported adjusted earnings of $426 million or $1.40 per share for the period.
-Analysts projected $1.47 per share
-Revenue: $9.03 billion in Q2 vs. $4.29 billion in the same period last year.

-Guidance:
Full year revenue guidance: $38.0 - $39.5 Bln

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