Magna International (NYSE:MGA) reported its Q4 earnings results on Friday, February 11, 2022 at 05:00 AM.
Here's what investors need to know about the announcement.
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Earnings
Magna International missed estimated earnings by 18.24%, reporting an EPS of $1.3 versus an estimate of $1.59.
Revenue was up $1.46 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.03, which was followed by a 0.83% drop in the share price the next day.
Here's a look at Magna International's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.59 | 1.47 | 1.57 | 2.03 |
| EPS Actual | 0.56 | 1.40 | 1.86 | 2.83 |
| Revenue Estimate | 9.31B | 9.37B | 9.53B | 10.12B |
| Revenue Actual | 7.92B | 9.03B | 10.18B | 10.57B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
