Aug 1 (Reuters) - Canadian auto parts supplier Magna

International ( MGA ) raised annual sales forecast and topped

second-quarter estimates on Friday, benefiting from its

cost-cutting measures.

The company had said in May it would take steps such as

restructuring and reduced capital and engineering spending to

cushion the hit from sweeping tariffs.

U.S. President Donald Trump's levies have pressured auto

companies across the supply chain, forcing suppliers to absorb

more expenses or renegotiate with automakers.

Peers Aptiv ( APTV ) and BorgWarner ( BWA ) also raised

their annual forecasts on Thursday, banking on stronger auto

parts demand.

Magna expects 2025 sales to be between $40.4 billion and

$42.0 billion, compared with its prior forecast of $40.0 billion

and $41.6 billion.

On an adjusted basis, it earned $1.44 per share for the

quarter through June, above analysts' estimate of $1.14 per

share, according to data compiled by LSEG.

Total quarterly sales fell about 3% to $10.63 billion, while

the estimate was $10.23 billion.