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Magna International raised its annual outlook, expecting adjusted income per share of $1.35-$1.55 and sales of $40.4-$42 billion. The company's CEO, Swamy Kotagiri, cited ongoing industry headwinds, including soft volumes in North America and Europe, and trade policy uncertainty. The revised guidance is higher than the previous expectation of $1.3-$1.5 per share and $40-$41.6 billion in sales.
Magna International Inc. (MGA, MG.TO), a leading Canadian automotive parts manufacturer, has revised its annual outlook upward. The company announced on Friday that it expects adjusted income per share of $1.35 to $1.55 for the full year, an increase from its previous guidance of $1.3 to $1.5 per share. Additionally, Magna anticipates sales of $40.4 billion to $42 billion, up from its previous expectation of $40 billion to $41.6 billion [1].
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