Benzinga | Aug 6, 2021 06:05AM EDT

Magna International Q2 Adj. EPS $1.40 Misses $1.47 Estimate, Sales $9.03B Miss $9.37B Estimate

Magna International (NYSE:MGA) reported quarterly earnings of $1.40 per share which missed the analyst consensus estimate of $1.47 by 4.76 percent. This is a 181.87 percent increase over losses of $(1.71) per share from the same period last year. The company reported quarterly sales of $9.03 billion which missed the analyst consensus estimate of $9.37 billion by 3.59 percent. This is a 110.44 percent increase over sales of $4.29 billion the same period last year.