Market Overview

Honda Reports Surge In Profit

Share:
Related HMC
Morgan Stanley's 'Global Auto Monitor' Offers Top Global Picks
Top 4 NYSE Stocks In The Auto Manufacturers-Major Industry With The Highest ROI
Japan ex-Recession Puts These Auto Firms in Focus - Analyst Blog (Zacks)

Honda Motor Co (NYSE: HMC) reported a strong rise in its net profit for the April-June quarter.

Honda's quarterly net profit jumped to Y131.72 billion, versus Y31.80 billion, in the year-ago quarter. However, analysts were expecting a net profit of Y148.73 billion.

Its sales surged 42.1% to Y2.436 trillion from Y1.715 trillion, while operating profit surged to Y176.01 billion versus Y22.58 billion.

Honda maintained its full fiscal year net profit view of Y470 billion on sales of Y10.300 trillion.

Honda shares closed at $32.02 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (HMC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content