💨 Abstract

Magna International Inc. reported second-quarter net income of $379 million, or $1.35 per share, surpassing Wall Street expectations of $1.19 per share. Adjusted earnings were $1.44 per share. The company's revenue was $10.63 billion, exceeding forecasts of $10.41 billion. The automotive supply firm' detailed results surpassed analyst expectations on both earnings and revenue.

Courtesy: WTOP Staff