Magna beats third quarter earnings expectations, shares edge up By Investing.com
Update: 2025-10-31
Description
Magna International's Q3 earnings exceeded expectations, with adjusted earnings per share of $1.33, a 6% increase, and revenue of $10.46 billion, a 2% rise. The company's Body Exteriors and Structures segment performed exceptionally well. Magna raised its revenue outlook for the next year and increased its expected operating margin. The company also approved a share buyback program and maintained its quarterly dividend. Looking ahead, Magna is optimistic about generating significant free cash flow for future growth.
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