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Magna Stock Craters 10% as Strong Q1 Fails to Lift Full-Year Outlook
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Magna Stock Craters 10% as Strong Q1 Fails to Lift Full-Year Outlook
The post Magna Stock Craters 10% as Strong Q1 Fails to Lift Full-Year Outlook appeared first on 24/7 Wall St.. Quick Read CEO Swamy Kotagiri argues Magna International (MGA) has limited tariff exposure because it manufactures locally aligned with customers, not across borders. MGA posted $1.38 adjusted Q1 EPS vs. $1.01 consensus with 190 basis point EBIT margin expansion, yet management trimmed full-year sales guidance to $41.5B-$43.1B. The …
·New York, United States
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