Magna reports q3 adjusted earnings of $1.41 per share

Magna announces third quarter results.q3 adjusted earnings per share $1.41.q3 earnings per share estimate $1.34 -- refinitiv ibes data.q3 loss per share $0.75.q3 sales $9.32 billion versus refinitiv ibes estimate of $9.33 billion.2019 outlook reduced largely to reflect estimated impact of gm strike and higher launch costs.sees 2019 total sales in range of $38.7 billion to $39.8 billion.sees 2019 capital spending about $1.6 billion.sees 2019 net income attributable to magna $1.8 billion to $1.9 billion.sees 2019 light vehicle production 16.3 million units in north america and 21.4 million units in europe.labour strike at general motors reduced co's third quarter sales.
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