Honda Posts Rise In Profit, Lowers Forecast

Honda Motor Co HMC posted a rise in its earnings in the October-December quarter, but lowered its outlook for the full year. Honda's quarterly net profit surged to Y77.4 billion, from Y47.66 billion, in the year-ago period. However, analysts were expecting a profit of Y104.95 billion. For the fiscal year through March, the company lowered its profit forecast to Y370 billion. Honda shares fell 0.26% to $38.00 in after-hours trading.