Magna reprts q1 earnings per share of $0.86

Magna announces first quarter 2020 financial results.q1 adjusted earnings per share $0.86.q1 earnings per share $0.86.q1 sales $8.7 billion versus refinitiv ibes estimate of $8.45 billion.q1 earnings per share estimate $0.75 -- refinitiv ibes data.covid-19 pandemic resulted in temporary suspension of production at facilities in china, europe and north america.unable to assess impact of pandemic on financial results for remainder fiscal 2020, remain unable at this time to resume providing an outlook for year.facilities in north america are expected to return to production in stages over next few weeks.estimated covid-19 impacts on q1 of about $1.1 billion on sales, $250 million on income from operations before income taxes,adjusted ebit.production facilities in china have generally resumed production, facilities in europe beginning to return to production.
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