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Stock Market & Financial Investment News

News Breaks
March 3, 2014
05:54 EDTMGAMagna reports Q4 EPS $2.03, consensus $1.54
Reports Q4 revenue $9.17B, consensus $8.87B. The company achieved this sales increase in a period when vehicle production increased 6% in North America and 5% in Europe, both relative to 4Q12. In Q4, the company's North American, European, and Asian production sales, as well as tooling, engineering and other sales and complete vehicle assembly sales all increased while the company's Rest of World production sales declined relative to the comparable quarter in 2012. Complete vehicle assembly sales increased 13% to $788M for Q4 compared to $697M for the 4Q12, while complete vehicle assembly volumes increased 17% to approximately 37,000 units. Q4 adjusted EBIT increased 57% to $607M compared to $387M for 4Q12.
News For MGA From The Last 14 Days
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December 19, 2014
09:24 EDTMGAJohnson Controls Magna could be hurt by Toyota consolidation, says Wells Fargo
Wells Fargo beleives that Johnson Controls (JCI) and Magna (MGA) could be hurt in the intermediate term by Toyota's (TM) decision to merge the seating manufacturing operations of four of its affiliates. Wells thinks Toyota's move should make bidding for seating deals more competitive. It keeps Market Perform ratings on Johnson Controls and Magna.

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