Category: Magna
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Magna shares tumble 5% on earnings miss By Investing.com
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Aurora, Ontario – Magna International (NYSE:) Inc. (TSX: MG; NYSE: MGA) reported a significant earnings loss in the first quarter of 2024. The auto supplier reported adjusted earnings per share (EPS) of $1.08, below analyst consensus of $1.25. Despite meeting revenue expectations of $10.97 billion, which was in line with…