Market Overview

UPDATE: Magna Posts Increase In Q4 Profit, Lifts Dividend

Share:
Related MGA
Winners And Losers As Amazon Moves Into The Grocery Space
Top Performing Industries For December 7, 2016
Stocks Hit New Highs As Market Stages Big Rally (Investor's Business Daily)

Magna International (NYSE: MGA) reported a 31% rise in its fourth-quarter profit and lifted its dividend.

Magna's quarterly net income surged to $458 million, or $2.03 a share, versus $351 million, or $1.49 a share, in the year-ago period.

Its revenue gained 14% to $9.17 billion.

Magna shares closed at $89.12 on Friday.

Posted-In: profitEarnings News

 

Related Articles (MGA)

View Comments and Join the Discussion!