Aug. 6 at 5:08 PM
$MGA beats earnings but faces sales slump — what's the full story? 🤔
Magna's Q2 adjusted EPS of
$1.44 topped estimates, but net sales fell 3% YoY to
$10.63B. Despite revenue declines across segments, improved efficiency and lower costs boosted EBIT in several areas.
Complete breakdown here 👉 https://www.zacks.com/stock/news/2673906/magna-q2-earnings-surpass-expectations-guidance-revised?cid=sm-stocktwits-2-2673906-body-6428&ADID=SYND_STOCKTWITS_TWEET_2_2673906_BODY_6428