Magna International Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 9,268 million compared to USD 7,919 million a year ago. Net income was USD 289 million compared to USD 11 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 0.04 a year ago.
For the nine months, sales was USD 28,272 million compared to USD 27,132 million a year ago. Net income was USD 497 million compared to USD 1,050 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 3.49 a year ago. Diluted earnings per share from continuing operations was USD 1.7 compared to USD 3.46 a year ago.