Skip to main content

Market Overview

UPDATE: Magna Posts Increase In Q4 Profit, Lifts Dividend

Share:

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.

 

Related Articles (MGA)

View Comments and Join the Discussion!

Posted-In: profitEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com