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Magna International reports Q1 profit surged to $146M, forecasting 2025 sales between $40B and $41.6B.
Auto parts company Magna International reported a significant jump in Q1 profit to US$146 million from US$9 million a year ago, despite a sales drop to US$10.1 billion from US$11 billion.
Earnings per share rose to 52 cents from 3 cents.
For 2025, Magna forecasts total sales between US$40 billion and US$41.6 billion, with an adjusted net income of US$1.3 billion to US$1.5 billion.
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Magna International informa que las ganancias del primer trimestre aumentaron a $146M, pronosticando ventas de 2025 entre $40B y $41.6B.