Magna International reported second-quarter adjusted earnings of $1.86 per share, topping the Zacks Consensus Estimate of $1.53 per share and marking a 21.57% earnings surprise. Revenue reached $10.98 billion, exceeding the consensus estimate by 2.19% and up from $10.63 billion a year earlier. The company has now beaten consensus EPS and revenue estimates in each of the last four quarters. Magna shares have gained about 31.1% year to date, outperforming the S&P 500's 8.7% advance.
Magna International IncQ2 earnings and revenue beat estimates
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