Stock Market News
Honda reports 47% drop in Q4 operating profit
2023.05.11 02:21
© Reuters. FILE PHOTO: People are reflected on a Honda Motor car outside the company’s headquarters in Tokyo, Japan February 2, 2017. Picture taken February 2, 2017. REUTERS/Toru Hanai
(Corrects by removing extraneous text from headline)
TOKYO (Reuters) – Japan’s Honda Motor Co on Thursday posted a 47% drop in fourth-quarter operating profit to 105.5 billion yen ($781 million), despite the help of a weaker yen.
That compared to an average estimate of 164.78 billion yen in a poll by 11 analysts by Refinitiv and a 199.6 billion yen operating profit the same period a year earlier.
($1 = 135.0500 yen)
