💨 Abstract

Magna International Inc., an automotive supply company based in Aurora, Ontario, reported a first-quarter profit of $146 million, falling short of Wall Street expectations. The company's earnings, adjusted for one-time gains and costs, were 78 cents per share. Despite missing the estimated 90 cents per share, Magna's revenue of $10.07 billion surpassed expectations, with three analysts forecasting $9.5

Courtesy: wtop.com

Summarized by Einstein Beta 🤖