Why Magna International Stock Is Gaining Today
1. MGA's Q3 EPS was $1.33, exceeding expectations of $1.22. 2. Quarterly sales reached $10.462 billion, beating estimates of $10.138 billion. 3. Adjusted EBIT rose by 3%, benefiting from productivity gains. 4. MGA's 2025 sales outlook was increased to $41.1-$42.1 billion. 5. Dividend of nearly 49 cents declared for Q4 payable on Nov. 28.