for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BRIEF-Magna International Reports Q1 Adjusted Earnings Per Share Of $1.84

May 10 (Reuters) - Magna International Inc:

* MAGNA ANNOUNCES RECORD FIRST QUARTER RESULTS

* Q1 ADJUSTED EARNINGS PER SHARE $1.84

* Q1 EARNINGS PER SHARE $1.83

* Q1 SALES $10.79 BILLION VERSUS I/B/E/S VIEW $10 BILLION

* Q1 EARNINGS PER SHARE VIEW $1.70 -- THOMSON REUTERS I/B/E/S

* INCREASED FULL YEAR OUTLOOK FOR SALES AND NET INCOME ATTRIBUTABLE TO MAGNA

* SEES 2018 TOTAL SALES $40.9 BILLION - $43.1 BILLION

* SEES 2018 CAPITAL SPENDING APPROXIMATELY $1.8 BILLION

* SEES 2018 NET INCOME ATTRIBUTABLE TO MAGNA $2.4 - $2.6 BILLION

* FY2018 EARNINGS PER SHARE VIEW $6.75, REVENUE VIEW $40.63 BILLION -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up