Magna International Inc. Stock News

After an impressive rally, the market is almost back to record highs, but it's always and forever a market of stocks, not a stock market. Dozens of companies are trading at 52-week lows. Some are value traps to ignore, and some are blue-chip bargains potentially set to soar. ALB is a dividend aristocrat with earnings that have collapsed by 95%. While its balance sheet is strong enough to keep t...

AURORA, Ontario, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (“TRC Capital”) to purchase up to 2,000,000 Magna Common Shares, or less than 1% of Magna's outstanding Common Shares, at a price of CDN $57.90 per share. Magna cautions sharehol...

Magna International Inc. reported Q2 earnings with flat sales, missed EPS, and lower EBIT compared to the previous year. The company attributed lackluster performance to the global automotive slump, especially in Europe, leading to downward revisions in the 2024 and 2026 outlook. Market demand for vehicles, slow adoption of EVs, and overall weakness worldwide pose challenges for Magna Internati...

Magna International Inc. (NYSE:MGA ) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Swamy Kotagiri - Chief Executive Officer Patrick McCann - Executive Vice President, Chief Financial Officer Louis Tonelli - Vice President, Investor Relations Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Tamy Chen - BMO Capital Markets Da...

AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2024.

As the second half of 2024 unfolds, main Wall Street indices are reaching new highs. The Nasdaq 100 index soared more than 20% year-to-date, and the S&P 500 saw an all-time high with a 16% surge.

AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC.  SECOND QUARTER 2024 RESULTS WEBCAST  FRIDAY – AUGUST 2, 2024  8:00 AM ET LIVE AUDIO WEBCAST Webcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In:    1-800-715-9871 Participant Toll Dial-In:   1-646-307-1963 Conferen...

AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further advanced traditional in-cabin vehicle design with its first awarded contract to deliver a reconfigurable seating system to a Chinese OEM. This innovative technology offers fully rotating front seats...