Magna surges on strong annual profit forecast

Magna International

13/02/2026 14:57

** U.S.-listed shares of Canadian auto parts supplier Magna International MG.TO rise 15.9% to $91.1

** Co forecast a strong annual profit, as the supplier leans on cost-saving measures and steady demand for its auto parts

** Expects adjusted profit of $6.25 to $7.25 per share for FY 2026, above estimates of $5.99 - data compiled by LSEG

** Reports Q4 profit of $2.18 per share, compared with analysts' estimate of 1.79

** Magna gained 21.8% in 2025

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))