Market Overview

Honda Reports 56% Drop In Q2 Net Profit

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Honda Motor Co (NYSE: HMC) reported a drop in its net profit for the second quarter.

Honda's quarterly net profit dropped 56% to Y60.4 billion, from Y135.9 billion, in the year-ago quarter. However, analysts were expecting a net profit of Y62.6 billion.

Honda shares gained 1.18% to close at $32.55 on Friday.

 

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