Honda profit declines 39% in second quarter
Yesterday 06:40
Honda profit declines 39% in second quarter TOKYO, Nov 10 (Reuters) - Honda 7267.T booked a surprise drop in second-quarter profit on Tuesday as high parts and material costs stemming from the Iran war and slumping sales in China weighed on its results.
Operating profit for the July-September quarter fell 39% from a year earlier to 118 billion yen ($746.98 million), compared with a median forecast of 250 billion yen in a poll of nine analysts surveyed by LSEG.
($1 = 157.9700 yen)
(Reporting by Daniel Leussink; Editing by Christian Schmollinger)
((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
Recent news on HONDA MOTOR
See all newsAuto File: Cybertruck’s short ride
Honda Motor Co., Ltd. Reports Results For The Quarter Ended September 30: Earnings Summary
Honda to recall more than 600,000 US vehicles over issues with steering assist software, NHTSA says
Brief: Honda American Honda Motor Co Is Recalling 635,808 U.S. Vehicles Over Loss Of Power Steering Assist - NHTSA
Brief: Honda Evp Kaihara： Will Seek To Be Cost-Competitive In China By Making Use Of JV Partners And Suppliers' Know-How, Produce Ev's By Using Partners' Platforms