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MGABearishEarningsnews
Materiality pending

Magna (MGA) Lags Q1 Earnings and Revenue Estimates

May 3, 2024, 8:19 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Magna (MGA) had quarterly earnings of $1.08 per share, missing estimates. - Company posted revenues of $10.97 billion, missing estimates by 0.46%. - Magna shares down 18% this year, Zacks Rank currently at #3 (Hold). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Magna (MGA) had quarterly earnings of $1.08 per share, missing estimates.
  • Company posted revenues of $10.97 billion, missing estimates by 0.46%.
  • Magna shares down 18% this year, Zacks Rank currently at #3 (Hold).

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