These Analysts Slash Their Forecasts On Magna International After Q4 Results



Magna International Inc (NYSE: MGA) reported mixed fourth-quarter results on Friday.

Magna International reported fourth-quarter 2023 sales of $10.45 billion, almost in line with the consensus of $10.46 billion.

Adjusted net income attributable to Magna International increased $113 million in the fourth quarter of 2023 compared to the fourth quarter of 2022. Adjusted diluted earnings per share was $1.33, up from $0.94 a year ago, below the consensus estimate of $1.48, according to data from Benzinga Pro.

Magna said it sees fiscal year 2024 sales of $43.8 billion-$45.4 billion versus a …

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