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Magna Int'l Q4 Profit Surges, But Misses Estimates; Guides FY24 Sales In Line
Mobility technology company Magna International, Inc. (MGA, MG.TO) reported Friday that net income attributable to the company for the fourth quarter surged to $271 million or $0.94 per share from $95 million or $0.33 per share in the prior-year quarter.
RTTNews | 573 dagar sedan
Magna Q4 Profit Misses Estimates; Sees Growth In FY23, FY25
Canadian auto parts maker Magna International Inc. reported Friday a sharp drop in fourth-quarter profit, below market estimates, while top line increased and beat the Wall Street view. Looking ahead, the company projects higher profit and sales for fiscal 2023, and higher sales for fiscal 2025.
RTTNews | 937 dagar sedan
