trending Market Intelligence /marketintelligence/en/news-insights/trending/6vq0dl52ucocjdbcadjuew2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Magna International beats profit estimates, lifts 2018 outlook

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Magna International beats profit estimates, lifts 2018 outlook

Canadian automotive supplier Magna International Inc. raised its earnings forecasts for 2018 as it reported first-quarter profits that increased from a year ago and exceeded analysts' expectations.

Net income attributable to the company rose to $660 million, or $1.83 per share, in the quarter that ended March 31, from $577 million, or $1.51 per share, in the prior-year period.

On an adjusted basis, Magna earned $1.84 per share, up from $1.53 per share a year earlier. The S&P Capital IQ normalized consensus EPS estimate for the quarter was $1.70, with 15 analysts reporting.

First-quarter adjusted EBIT climbed year over year to $875 million from $818 million.

Sales for the quarter came in at $10.79 billion, up from $8.90 billion last year, with the complete vehicles segment contributing about 60% of the sales increase. Sales at the division jumped to $1.66 billion from $527 million.

Magna recorded higher quarterly sales despite a 2% year-on-year decline in light vehicle production in North America and flat light vehicle output in Europe, the company said.

For 2018, Magna expects its net income to be between $2.4 billion and $2.6 billion, up from the previous guidance of $2.3 billion to $2.5 billion.

Total sales are projected to be between $40.9 billion and $43.1 billion, higher than the earlier forecast of $39.3 billion to $41.5 billion.