- Magna International (NYSE:MGA): Q3 Non-GAAP EPS of $0.56 misses by $0.16; GAAP EPS of $0.04 misses by $0.51.
- Revenue of $7.9B (-13.5% Y/Y) beats by $50M.
- Press Release
- Adjusted EBIT decreased to $229M in the third quarter of 2021 compared to $778M in the third quarter of 2020.
- The company revised FY2021 total Sales outlook from $38 - $39.5B to $35.4 - $36.4B vs. consensus of $35.94B; Adjusted EBIT Margin from 7.0% - 7.4% to 5.1% - 5.4%.