Magna International: Q2 Earnings Insights

Magna International: Q2 Earnings Insights

 

Magna International MGA reported its Q2 earnings results on Friday, July 29, 2022 at 05:00 AM.

Here's what investors need to know about the announcement.

Earnings

Magna International missed estimated earnings by 47.8%, reporting an EPS of $0.83 versus an estimate of $1.59.

Revenue was up $328.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.31 which was followed by a 3.48% drop in the share price the next day.

Here's a look at Magna International's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 1.59 1.59 1.59 1.47
EPS Actual 1.28 1.30 0.56 1.40
Revenue Estimate 9.31B 9.31B 9.31B 9.37B
Revenue Actual 9.64B 9.11B 7.92B 9.03B

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.

Posted In: BZI-RecapsEarningsNews