Magna International Stock Surges 18% On Earnings Beat, Strong 2026 Outlook

Core Viewpoint - Magna International Inc. (MGA) shares surged 17.85 percent to $68.14 following the release of better-than-expected adjusted earnings and revenue for Q4, along with fiscal 2026 guidance exceeding Wall Street estimates [1] Group 1: Financial Performance - The company reported a net loss of $1 million, equating to breakeven per share, in contrast to a profit of $203 million, or $0.71 per share, from the previous year [1] - Adjusted earnings and revenue for the fourth quarter surpassed market expectations [1] Group 2: Stock Performance - The stock opened at $63.19, an increase from the previous close of $57.82, and traded within a range of $63.01 to $68.52 on the New York Stock Exchange [2] - The last reported bid was $67.90 for 20,000 shares, with an ask of $67.93 for 10,000 shares [2] - Trading volume reached 4,065,554 shares, significantly higher than the average of 1,546,493 shares [2] - The shares have fluctuated within a 52-week range of $30.39 to $68.52 [2]