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Magna International MGA reported its Q3 earnings results on Friday, November 4, 2022 at 05:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Magna International missed estimated earnings by 32.7%, reporting an EPS of $1.07 versus an estimate of $1.59.
Revenue was up $1.35 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.76 which was followed by a 0.06% increase in the share price the next day.
Here’s a look at Magna International’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.59 | 1.59 | 1.59 | 1.59 |
| EPS Actual | 0.83 | 1.28 | 1.30 | 0.56 |
| Revenue Estimate | 9.31B | 9.31B | 9.31B | 9.31B |
| Revenue Actual | 9.36B | 9.64B | 9.11B | 7.92B |
To track all earnings releases for Magna International visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.