Magna Int'l (MGA) Tops Q2 EPS by 1c, Beats on Revenues; Offers FY17 Revenues Outlook Above Consensus

Magna Int'l (NYSE: MGA) reported Q2 EPS of $1.48, $0.01 better than the analyst estimate of $1.47. Revenue for the quarter came in at $9.68 billion versus the consensus estimate of $9.45 billion.

GUIDANCE:

Magna Int'l sees Q3 2017 revenue of $37.7-39.4 billion, versus the consensus of $37.55 billion.

• All-time quarter record sales, up 3% to $9.68 billion
• Second quarter record diluted earnings per share of $1.48, increased 5%
• Returned $484 million to shareholders through share repurchases and dividends

For earnings history and earnings-related data on Magna Int'l (MGA) click here.

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