Magna (MGA) Q2 Earnings and Revenues Lag Estimates

Magna (MGA) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.53%. A quarter ago, it was expected that this automotive supply company would post earnings of $1.28 per share when it actually produced earnings of $1.08, delivering a surprise of -15.63%. Over the last four quarters, the ...