Nov 8 (Reuters) - Magna International Inc MG.TO :
* MAGNA REPORTS RECORD THIRD QUARTER RESULTS
* Q3 ADJUSTED EARNINGS PER SHARE $1.56
* Q3 EARNINGS PER SHARE $1.62
* Q3 EARNINGS PER SHARE VIEW $1.51 -- THOMSON REUTERS I/B/E/S
* Q3 SALES $9.62 BILLION VERSUS I/B/E/S VIEW $9.75 BILLION
* REDUCED TOP END OF 2018 OUTLOOK RANGES FOR TOTAL SALES, ADJUSTED NET INCOME ATTRIBUTABLE TO MAGNA
* SEES 2018 CAPITAL SPENDING ABOUT $1.7 BILLION
* Q4 2018 EXPECTATIONS FOR LOWER LIGHT VEHICLE PRODUCTION, LOWER EQUITY EARNINGS IN EUROPEAN TRANSMISSION JOINT VENTURE
* Q4 2018 EXPECTATIONS FOR HIGHER COSTS IN BODY EXTERIORS & STRUCTURES SEGMENT
* SEES 2018 LIGHT VEHICLE PRODUCTION NORTH AMERICA 17.0 MILLION UNITS
* SEES 2018 TOTAL SALES $40.3 BILLION TO $41.4 BILLION
* SEES FY LIGHT VEHICLE PRODUCTION IN EUROPE 22.5 MILLION UNITS
* SEES 2018 ADJUSTED NET INCOME ATTRIBUTABLE TO MAGNA $2.3 - $2.4 BILLION
* SEES FY ADJUSTED EBIT MARGIN APPROXIMATELY 7.7%
* QTRLY SALES WERE SLIGHTLY LOWER THAN CO HAD ANTICIPATED, MAINLY DUE TO LOWER THAN EXPECTED LIGHT VEHICLE PRODUCTION
* MAGNA INTERNATIONAL - BOARD APPROVED NEW NORMAL COURSE ISSUER BID TO BUY UP TO 33.2 MILLION OF CO'S COMMON SHARES
* NCIB IS EXPECTED TO COMMENCE ON OR ABOUT NOVEMBER 15, 2018 AND WILL TERMINATE ONE YEAR LATER
* FY2018 REVENUE VIEW $41.24 BILLION -- THOMSON REUTERS I/B/E/S