AURORA, Ontario (AP) _ Magna International Inc. (MGA) on Friday reported third-quarter net income of $405 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Aurora, Ontario-based company said it had net income of $1.35. Earnings, adjusted for non-recurring costs, were $1.95 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The automotive supply company posted revenue of $9.13 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $8.95 billion.

Magna shares have climbed 1% since the beginning of the year. The stock has fallen 1.5% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGA at https://www.zacks.com/ap/MGA

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