February 24, 2017 / 10:06 AM / 7 months ago

BRIEF-Magna qtrly diluted EPS from continuing operations $1.24

Feb 24 (Reuters) - Magna International Inc

* Magna announces fourth quarter and 2016 results

* Q4 sales $9.25 billion versus I/B/E/S view $9.21 billion

* Sees fy total sales $36.0 billion - $37.7 billion

* Sees fy capital spending approximately $2.0 billion

* Expect 2017 to be a strong year for magna

* Sees 2017 total production sales of $30.4 billion- $31.7 billion

* Sees fy north america light vehicle production 17.7 million

* Sees fy europe light vehicle production 21.7 million units

* Qtrly diluted earnings per share from continuing operations $1.24 Source text for Eikon: Further company coverage:

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