AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported third-quarter earnings of $305 million.
The Aurora, Ontario-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The automotive supply company posted revenue of $10.06 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $10.01 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGA at https://www.zacks.com/ap/MGA
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