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Magna International reported a lower Q4 profit but raised its dividend, facing sales challenges in 2025.
Auto parts maker Magna International reported a Q4 profit of $203 million, a decrease from the previous year but above analyst estimates.
The company raised its dividend to 48.5 cents per share.
Despite a 2% sales increase to $10.6 billion, Magna expects 2025 sales to range between $38.6 billion and $40.2 billion, influenced by lower vehicle production and foreign currency impacts.
The stock dropped more than 4% in pre-market trading.
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Magna International informó de un menor beneficio Q4, pero aumentó su dividendo, enfrentando desafíos de ventas en 2025.