European Turnaround Helps Boost Magna Q3 Sales

Newswire

* 3-quarter profit $1.39/share vs estimate $1.34/share * Sales rise 13 pct to $8.34 bln vs estimate of $8.23 bln * European production sales jump 18 pct Nov 6 (Reuters) - Canadian auto parts manufacturer Magna International Inc reported a nearly 13 percent rise in quarterly sales as its European business improved. Magna, which has been working to turn around inefficient operations in Europe amid the region's soft recovery, also raised the low end of it production sales outlook ...

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