Shares of Magna International (NYSE: MGA) have lost 7.9% since the company reported second-quarter 2024 results. The auto equipment provider reported adjusted earnings of $1.35 per share, which declined from the year-ago quarter's $1.50 and missed the Zacks Consensus Estimate of $1.46. Net sales remained flat year over year at $11 billion and missed the Zacks Consensus Estimate of $11.11 billion. Magna International Inc. Price, Consensus and EPS Surprise Magna International Inc. price-consensus-eps-surprise-chart | Magna International Inc. Quote Segmental Performance The Body Exteriors & Structures segment's revenues were $4.47 billion, down 2% year over year. This can be attributed to the end of production of certain programs, the weakening of foreign currencies against the U.S. dollar and customer price concessions. Revenues also lagged the Zacks Consensus Estimate of $4.59 billion. The segment reported an adjusted EBIT of $341 million, down from $394 million recorded in the year-ago period. The metric also missed the Zacks Consensus Estimate of $371 million because of higher production input costs net of customer recoveries, reduced earnings on lower sales and higher supply chain and restructuring costs. The Power & Vision segment's revenues increased 13.4% year over year to $3.93 billion on higher production on certain programs, smart ...