Magna International Q3 2024 Adj. EPS $1.28 Misses $1.41 Estimate, Sales $10.280B Miss $10.363B Estimate
Portfolio Pulse from Benzinga Newsdesk
Magna International reported its Q3 2024 financial results, with adjusted EPS of $1.28 missing the estimate of $1.41, and sales of $10.280 billion falling short of the expected $10.363 billion.
November 01, 2024 | 9:00 am
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Magna International's Q3 2024 earnings report shows a miss on both EPS and sales estimates, which could negatively impact the stock price in the short term.
The miss on both EPS and sales estimates suggests weaker-than-expected financial performance, which typically leads to negative investor sentiment and potential short-term stock price decline.
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IMPORTANCE 80
RELEVANCE 100