Magna International, Inc. (NYSE:MGA) posted stronger-than-expected fourth-quarter results on Friday.
The company reported fourth-quarter adjusted earnings per share of $2.18, beating the analyst consensus estimate of $1.79. Quarterly sales of $10.84 billion (+2% year over year) outpaced the Street view of $10.495 billion.
Magna International said it expects fiscal 2026 adjusted earnings of $6.25 to $7.25 per share, compared with analysts’ estimate of $5.99.
The company lowered its fiscal 2026 sales outlook to $41.9 billion to $43.5 billion from its prior forecast of $48.8 billion to $51.2 billion. Analysts were expecting $42.141 billion in sales.
“With capital spending expected to remain below historical levels, we anticipate continued strong Free …