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Magna Up Near 0.2% In US Premarket On Q1 Beat, Even With Pared Back FY Sales Forecast

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-- Magna International (MGA), a global automotive supplier, reported Q1 adjusted earnings Friday of US$1.38 per share, up from $0.78 a year earlier. Analysts polled by FactSet expected $1.02.

Sales for the quarter ended March 31 were $10.38 billion, compared with $10.07 billion a year earlier.

Analysts polled by FactSet expected $10.36 billion.

For 2026, the company continues to expect adjusted EPS of $6.25 to $7.25. Analysts are looking for $6.76.

Magna said it now expects full-year sales between $41.5 billion and $43.1 billion, compared with its prior outlook range of $41.9 billion to $43.5 billion. Analysts are looking for $42.65 billion.

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