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Stocks in play: Magna International Inc.
Reported financial results for the third quarter ended September 30, 2024. Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle production. Diluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenue. Adjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rate. Magna International Inc. shares T.NEXT are trading up $4.23 at $59.20.
