Magna International (NYSE:MGA) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Magna International missed estimated earnings by 19.5%, reporting an EPS of $1.28 versus an estimate of $1.59.
Revenue was down $537.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.29 which was followed by a 6.5% drop in the share price the next day.
Here's a look at Magna International's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.59 | 1.59 | 1.47 | 1.57 |
| EPS Actual | 1.30 | 0.56 | 1.40 | 1.86 |
| Revenue Estimate | 9.31B | 9.31B | 9.37B | 9.53B |
| Revenue Actual | 9.11B | 7.92B | 9.03B | 10.18B |
To track all earnings releases for Magna International visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
