Magna rises after lifting FY sales forecast

Magna International

31/10/2025 12:19

** U.S.-listed shares of Canadian auto parts supplier Magna International MGA.N rise nearly 3% to about $46 premarket

** Co lifts FY sales forecast on surging demand for its vehicle assembly program and safety systems

** Expects FY sales between $41.1 bln and $42.1 bln, up from $40.4 bln to $42.0 bln earlier

** Co's quarterly sales rise by 1.7% to $10.5 bln vs estimate of $10.14 bln - data compiled by LSEG.

** Posts Q3 adj EPS of 1.33, above analysts' estimate of $1.21

** As of last close, shares up 4.01% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))