UPDATE 1-Canada's Magna International trims 2019 sales forecast [Reuters]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Reuters
Canada's Magna International trims 2019 sales forecast (Reuters) - Canada’s Magna International Inc ( MG.TO The North American automotive industry has been grappling with the fallout of the trade war, with several automakers already warning of higher costs as tariffs add billions of dollars in costs to vehicle production and assembly. The auto parts maker said it now expects total sales of $38.9 billion to $41.1 billion, compared with its previous estimate of $39.1 billion to $41.3 billion. The company - which assembles cars for BMW ( BMWG.DE DAIGn.DE Net income attributable to Magna fell to $452 million, or $1.42 per share, in the second quarter ended June 30 from $626 million, or $1.77 per share, a year earlier. Excluding items, the company earned $1.59 per share, while analyst were expecting $1.53, according to IBES Refintiv data. Total sales fell to $10.13 billion from $10.28 billion. Reporting by Arundhati Sarkar in Bengaluru; Editing by Shounak Dasgupta and Anil D'Silva Our Stan
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MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 5/30/24 - Form 6-K
- 5/28/24 - Form 6-K
- 5/10/24 - Form 6-K
- MGA's page on the SEC website