May 9 (Reuters) - Magna International Inc MG.TO :
* MAGNA ANNOUNCES FIRST QUARTER RESULTS
* Q1 ADJUSTED EARNINGS PER SHARE $1.63
* Q1 EARNINGS PER SHARE $3.39
* Q1 SALES $10.59 BILLION VERSUS REFINITIV IBES ESTIMATE OF $10.7 BILLION
* Q1 EARNINGS PER SHARE ESTIMATE $1.71 -- REFINITIV IBES DATA
* 2019 OUTLOOK REDUCED
* SEES 2019 LIGHT VEHICLE PRODUCTION OF 16.7 MILLION UNITS IN NORTH AMERICA
* MAGNA - 2019 OUTLOOK REDUCED LARGELY TO REFLECT HIGHER EXPECTED COSTS ON CERTAIN ADAS PROGRAMS, LOWER ANTICIPATED EQUITY INCOME IN CHINA JV
* SEES 2019 LIGHT VEHICLE PRODUCTION OF 21.5 MILLION UNITS IN EUROPE
* 2021 OUTLOOK REDUCED TO REFLECT LOWER ANTICIPATED EQUITY INCOME IN A TRANSMISSION JOINT VENTURE IN CHINA
* SEES 2019 TOTAL SALES $39.1 - $41.3 BILLION
* SEES 2019 NET INCOME ATTRIBUTABLE TO MAGNA OF $1.9 - $2.1 BILLION
* UPDATED 2021 OUTLOOK FOR ONE OF TRANSMISSION JOINT VENTURES IN CHINA
* MAGNA - EXCLUDING FOREX TRANSLATION, ACQUISITIONS NET OF DIVESTITURES, SALES IN EACH SEGMENT OUTPACED GLOBAL LIGHT VEHICLE PRODUCTION IN QUARTER
* FY2019 REVENUE VIEW $40.90 BILLION -- REFINITIV IBES DATA