Magna International: Q3 Earnings Insights

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.

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.

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.

Earnings Calendar