Market Overview

UPDATE: Magna Posts Increase In Q4 Profit, Lifts Dividend

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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

 

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