Magna (MGA) Tops Q2 Earnings and Revenue Estimates

Magna (MGA) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +21.01%. A quarter ago, it was expected that this automotive supply company would post earnings of $0.9 per share when it actually produced earnings of $0.78, delivering a surprise of -13.33%.Over the last four quarters, the ...