Magna International Inc. (MGA) reported third quarter net income of $0.45 after the bell Thursday, compared to the loss of $1.93 reported last year.
Magna International Inc. gapped up Friday and has spiked higher in early trade. Shares are now up 3.95 at $48.15. The stock has been rising over the past 3 sessions and has set nearly a 3-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.