10:13 AM EST - Magna International Inc. : Has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin below the range disclosed in its press release dated November 4, 2022. Based on preliminary unaudited results, total sales for 2022 were approximately $37.8 billion, compared to the range of $37.4 to $38.4 billion disclosed in its November outlook. However, Adjusted EBIT Margin for 2022 is expected to be approximately 4.3%, which is below the 4.8% to 5.0% range disclosed in its November outlook. Magna International Inc.
shares T.MG are trading down $8.16 at $79.41.
