Benzinga | May 6, 2021 09:45AM EDT

Magna International Earlier Reported Q1 EPS $1.86 Beats $1.57 Estimate, Sales $10.18B Beat $9.53B Estimate

Magna International (NYSE:MGA) reported quarterly earnings of $1.86 per share which beat the analyst consensus estimate of $1.57 by 18.47 percent. This is a 116.28 percent increase over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $10.18 billion which beat the analyst consensus estimate of $9.53 billion by 6.81 percent. This is a 17.58 percent increase over sales of $8.66 billion the same period last year.