Magna International Q4 Adj EPS $1.33 Misses $1.48 Estimate, Sales $10.45B Vs $10.455B Estimate
Portfolio Pulse from Benzinga Newsdesk
Magna International reported its Q4 adjusted EPS at $1.33, missing the estimated $1.48. Sales were reported at $10.45B, slightly below the $10.455B estimate.
February 09, 2024 | 10:02 am
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Magna International's Q4 earnings missed analysts' expectations with an adjusted EPS of $1.33 against the estimated $1.48, and sales slightly below estimates at $10.45B.
Missing the EPS and sales estimates could lead to negative investor sentiment in the short term, potentially causing a decrease in MGA's stock price.
CONFIDENCE 90
IMPORTANCE 90
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