WASHINGTON (dpa-AFX) - While reporting financial results for the third quarter on Friday, mobility technology company Magna International, Inc. (MGA, MG.TO) raised its adjusted net income and net sales guidance for the full-year 2025.
For fiscal 2025, the company now projects adjusted net income attributable to Magna in a range of $1.45 billion to $1.55 billion on net sales between $41.1 billion and $42.1 billion. Previously, the company expected adjusted net income attributable to Magna in a range of $1.35 billion to $1.55 billion on net sales between $40.4 billion and $42.0 billion.
On average, analysts polled expect the company to earn $5.18 per share on revenues of $41.34 billion for the year. Analysts' estimates typically exclude special items.
The company's Board of Directors declared a fourth quarter dividend of $0.485 per Common Share, payable on November 28, 2025 to shareholders of record as of the close of business on November 14, 2025.
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