The Financial Post reports in its Friday, May 8, edition that Magna International posted better-than-expected quarterly sales, helped by demand in the United States. A Reuters dispatch to the Post reports that Magna also raised its full-year operating margin forecast on Thursday. Magna sold much of its vehicle interiors business to Spain's Grupo Antolin in April. American auto sales rose in the first three months of the year, helped by low gasoline prices and easier availability of credit. Magna's quarterly sales, however, were hurt by a strong dollar as the company gets nearly half of its total revenue from outside North America. Magna expects the 2015 operating margin to be in the 7-per-cent range, down slightly from an earlier forecast. Magna also cut its 2015 sales forecast to $30.8-billion to $32.5-billion from $33.1-billion to $34.8-billion (all figures U.S.). Net income attributable to the company rose 18 per cent to $465-million or $1.12 per share in the first quarter ended March 31. Revenue fell 7 per cent to $8.33-billion. Magna says a strong dollar reduced sales by about $880-million. Analysts on average had expected a profit of $1.10 per share and revenue of $8.31-billion.