12:02 PM EST - Magna International Inc. : reported financial results for the first quarter ended March 31, 2012. The company posted sales of $7.7 billion for the first quarter ended March 31, 2012, an increase of 7% from the first quarter of 2011. During the first quarter of 2012, income from operations before income taxes was $439 million, net income attributable to Magna International Inc. was $343 million and diluted earnings per share were $1.46, increases of $39 million, $21 million and $0.16, respectively, each compared to the first quarter of 2011. Magna International Inc.
shares T.MG are trading up $2.27 at $44.95.
