tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Magna lowers FY24 revenue view to $42.2B-$43.2B from $42.5B-$44.1B

Consensus $42.79B. Narrows FY24 adjusted EBIT margin to 5.4%-5.5% from 5.4%-5.8%. Lowers FY24 capital spending view to $2.2B-$2.3B from $2.3B-$2.4B. The company said, “We first disclose a full-year Outlook annually in February, with quarterly updates. The following Outlook is an update to our previous Outlook in August 2024.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1