Magna Q1 Earnings Miss Expectations, 2025 Guidance Revised

Magna International (MGA) reported first-quarter 2025 adjusted earnings of 78 cents per share, which decreased from the year-ago quarter’s $1.08, missing the Zacks Consensus Estimate of 90 cents.Net sales decreased 8.21% year over year to $10.06 billion but surpassed the Zacks Consensus Estimate of $9.5 billion.MGA’s Segmental PerformanceThe Body Exteriors & Structures segment’s revenues were $3.97 billion, down 10% year over year. This was due to lower production and the end of production of certain progra ...