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News  ›  Benzinga

Why Magna International Stock Is Gaining Today

Benzinga Logo Benzinga By Nabaparna Bhattacharya
Why Magna International Stock Is Gaining Today

Magna International reported strong Q3 earnings, beating analyst estimates with $1.33 adjusted EPS and $10.462 billion in sales. The company raised its 2025 sales outlook and saw a 4.08% stock price increase.

Insights
MGA   positive

Exceeded earnings expectations, increased sales outlook, demonstrated operational efficiency with 3% adjusted EBIT rise, and CEO expressed confidence in future growth opportunities