Reported financial results for the third quarter ended September 30, 2024. Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle production. Diluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenue. Adjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rate. Magna International Inc. shares T.NEXT are trading up $4.23 at $59.20.
Read:
Experts Warn Battery Material Shortages and Geopolitical Risks Could Impact the Growing EV Market
Tech Developers Drive AI Revolution: Early-Mover Advantages for Retail Investors
Health and Wellness Sector Sees New Opportunities in Weight Loss Drug Market
Cybersecurity Breaches Surge in 2024 -- How AI and Quantum Encryption Are Changing the Game
From Business Competition to National Security: The Increasing Importance of AI Data Centers