Magna International Q2 2024 Adj. EPS $1.35 Misses $1.44 Estimate, Sales $10.958B Miss $11.012B Estimate
Portfolio Pulse from Benzinga Newsdesk
Magna International (NYSE:MGA) reported Q2 2024 adjusted EPS of $1.35, missing the analyst estimate of $1.44. Sales were $10.958 billion, also missing the estimate of $11.012 billion. This represents a 0.22% decrease from the same period last year.
August 02, 2024 | 9:02 am
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Magna International reported Q2 2024 adjusted EPS of $1.35, missing the analyst estimate of $1.44. Sales were $10.958 billion, also missing the estimate of $11.012 billion. This represents a 0.22% decrease from the same period last year.
Magna International's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The EPS miss was by 6.25%, and the sales miss was by 0.49%, indicating weaker-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100