English

Magna Financial Results for April to June 2021

English

Have you ever heard of Magna (ticker symbol: MGA), a U.S. stock?

It is a Canadian auto parts manufacturer.

In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on August 5, 2021.

Financial Results for April to June 2021

EPS of $1.40 vs. forecast of $1.41.

Sales: $9.03 billion vs. forecast of $9.28 billion.

Sales growth was +110.4% YoY.

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