Honda Motor Co HMC reported an 88% decline in its quarterly profit and lifted its full-year outlook.
Honda reported its April-June profit at 31.7 billion yen ($406 million), down from 272.4 billion yen, in the year-ago period.
Honda now projects a 230 billion yen ($2.9 billion) profit for the fiscal year ending March 2012, up from its earlier forecast of 195 billion yen ($2.5 billion). Honda also raised its annual sales forecast to 8.7 trillion yen ($112 billion), up from its previous forecast of 8.3 trillion yen ($106 billion).
Honda shares gained 0.71% to close at $39.78 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in