Magna shares tumble as profit picture disappoints


* Stock drops nearly 13 pct on TSX * Forecasts flat 5 pct margin in 2011 * Q4 EPS $0.88 vs Reuters I/B/E/S forecast $0.94 (In U.S. dollars unless noted) OTTAWA, Feb 24 (Reuters) - Magna International Inc shares tumbled nearly 13 percent in opening trade on Thursday after the world's No. 3 auto-parts maker's quarterly earnings and 2011 margin forecast fell shy of expectations. Magna said after markets on Wednesday that it expects a flat operating margin of 5 percent this year as it ...

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