Magna International Q2 Adj. EPS $1.44 Beats $0.76 Estimate, Sales $10.631B Beat $6.302B Estimate

Benzinga08-01

Magna International (TSX:MG) reported quarterly earnings of $1.44 per share which beat the analyst consensus estimate of $0.76 by 89.47 percent. This is a 6.67 percent increase over earnings of $1.35 per share from the same period last year. The company reported quarterly sales of $10.631 billion which beat the analyst consensus estimate of $6.302 billion by 68.70 percent. This is a 2.98 percent decrease over sales of $10.958 billion the same period last year.

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