News Formal

Auto parts company Magna International lowers guidance, reports US$484-million quarterly profit

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 6 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 92%

Share News

Quarter,Magna,Company

Magna says the profit amounted to US$1.68 per diluted share for the three months ended Sept. 30, compared with US$1.37 per diluted share a year earlier

cut its guidance for its full year as it reported net income attributable to the company of US$484-million for its third quarter, up from US$394-million a year earlier.

Sales for the quarter totalled US$10.28-billion, down from US$10.69-billion in the same quarter last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Auto parts company Magna International reports US$484M Q3 profit, lowers guidanceTORONTO — Magna International Inc. cut its guidance for its full year as it reported net income attributable to the company of US$484 million for its third quarter, up from US$394 million a year earlier.
Source: SooToday - 🏆 8. / 85 Read more »