Magna International

Services | Auto Parts Wholesale | Canada
Magna (MGA) Surpasses Q4 Earnings and Revenue Estimates

Magna (MGA - Free Report) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 1.87%. A quarter ago, it was expected that this automotive supply company would post earnings of $1.49 per share when it actually produced earnings of $1.56, delivering a surprise of 4.70%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Magna, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $10.14 billion for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $10.39 billion. The company has topped consensus revenue estimates two times over the last four quarters.

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https://www.zacks.com/stock/news/356591/...-estimates