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Stock impact report

Magna Announces First Quarter Results

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Company Research Source: GlobeNewswire
Sales of $10.6 billion decreased 2%, compared to global light vehicle production down 7%Excluding foreign currency translation and acquisitions net of divestitures, sales in each segment outpaced global light vehicle productionReturned $403 million to shareholders through dividends of $119 million and $284 million in share repurchases2019 outlook reduced largely to reflect higher expected costs on certain ADAS programs, lower anticipated equity income in a transmission joint venture in China and lower estimated vehicle production2021 outlook reduced to reflect lower anticipated equity income in a transmission joint venture in China AURORA, Ontario, May 09, 2019 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2019. Please click HERE for full first quarter Financial Statements and MD&A. Show less Read more
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