Honda posts 16% rise in Q2 operating profit, missing estimates By Reuters


© Reuters. FILE PHOTO: The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

TOKYO(Reuters) – Japan’s Honda Motor Co on Wednesday posted a 16% rise in second-quarter operating profit, missing analysts’ estimates.

Operating profit totalled 231.2 billion yen ($1.59 billion)in the three months to end-September, versus an average estimate of 243.3 billion yen profit in a poll of 10 analysts by Refinitiv.

The same period a year earlier, the company earned 198.9 billion yen.

($1 = 145.7500 yen)

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