Magna Raises Outlook For FY25 Outlook: Revenue $46.7B- $49.2B (From $44.7B - $47.2B Prior)
Portfolio Pulse from Benzinga Newsdesk
Automotive supplier Magna International has raised its revenue outlook for FY25 to $46.7B-$49.2B, up from the previous forecast of $44.7B-$47.2B. The company has also reaffirmed its FY25 adjusted EBIT margin at 6.7%-7.8%.
September 07, 2023 | 9:10 am
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Magna International has raised its FY25 revenue outlook, which could lead to increased investor confidence and potentially a rise in stock price.
Magna's raised revenue outlook for FY25 indicates that the company expects stronger performance in the future. This could boost investor confidence in the company's growth prospects, potentially leading to increased demand for the stock and a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100