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We provide the latest news from the world of economics and finance
(RTTNews) - Magna International Inc. (MGA) shares are sliding more than 4 percent on Friday morning trade after the company reported fourth-quarter profit that missed estimates.
The quarterly adjusted earnings were $1.33 per share. On average, 16 analysts polled by Thomson Reuters expected the company to earn $1.48 per share.
Currently, shares are at $55.61, down 5.23 percent from the previous close of $58.68 on a volume of 841,812.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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