TSX:MGAuto Components
Magna International (TSX:MG) Reports Surge In Q1 2025 Net Income To US$146 Million
Magna International (TSX:MG) recently raised its earnings guidance for 2025 to forecast higher sales, and reported strong Q1 2025 earnings with a net income surge from $9 million to $146 million, significantly boosting investor confidence. The company also continued its share repurchase initiative, buying back 1.3 million shares. Despite a 9% decline in sales, these positive developments likely fueled the company's 16% price increase over the last month, well surpassing the broader market's...