November 8, 2018 / 3:29 PM / a year ago

BUZZ-Magna International: Rises on Q3 profit beat

** Shares of the Canadian auto parts maker up 4.13 pct at C$67.59 in early trade after co beats profit estimates

** Co reports Q3 adj. EPS of $1.56/shr, beating analysts’ avg est of $1.51/shr, according to IBES data from Refinitiv

** However, co lowers its FY 2018 total sales forecast on the back of a dip in its segments that produce car frames and assemble vehicles

** U.S.-listed shares of North America’s biggest auto parts maker, up 3.9 pct to $51.54, in early trade

** Despite Thursday’s gains, co’s stock down 4.9 pct this year (Reporting by Arundhati Sarkar in Bengaluru)

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