12:05 PM EST - Magna International Inc. : Today reported financial results for the second quarter ended June 30, 2022. Sales of $9.4 billion increased 4%, compared to global light vehicle production increase of 2%. Diluted loss per share was $0.54 includes $1.24 of non-cash impairment charges related to its investment in Russia. Adjusted diluted earnings per share decreased 41% Magna International Inc.
shares T.MG are trading down $0.09 at $80.83.
