Magna International (MGA) Tops Q4 EPS by 1c, Beats on Revenues

Magna International (NYSE: MGA) reported Q4 EPS of $1.57, $0.01 better than the analyst estimate of $1.56. Revenue for the quarter came in at $10.4 billion versus the consensus estimate of $10.12 billion.

• Record sales of $10.4 billion, up 12% from the fourth quarter of 2016
• Record diluted earnings per share of $1.53, an increase of 23%
• For the fourth quarter of 2017, adjusted diluted earnings per share increased 20% to $1.57 compared to $1.31 for the fourth quarter of 2016.
• Cash from operations of $1.4 billion
• Returned $461 million to shareholders through share repurchases and dividends
• Raises quarterly cash dividend by 20% to $0.33 per share

For earnings history and earnings-related data on Magna International (MGA) click here.

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