Magna (MGA) Reports Q2 Earnings: What Key Metrics Have to Say

Magna (MGA) reported $10.96 billion in revenue for the quarter ended June 2024, representing a year-overyear decline of 0.2%. EPS of $1.35 for the same period compares to $1.50 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $11.11 billion, representing a surprise of -1.36%. The company delivered an EPS surprise of -7.53%, with the consensus EPS estimate being $1.46. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...