Benzinga | Nov 6, 2020 08:36AM EST

Magna International Q3 Adj. EPS $1.95 Beats $1.35 Estimate, Sales $9.13B Beat $9.08B Estimate

Magna International (NYSE:MGA) reported quarterly earnings of $1.95 per share which beat the analyst consensus estimate of $1.35 by 44.44 percent. This is a 38.3 percent increase over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $9.13 billion which beat the analyst consensus estimate of $9.08 billion by 0.54 percent. This is a 2.04 percent decrease over sales of $9.32 billion the same period last year.