Honda posts 15% fall in Q2 operating profit, missing forecasts

TOKYO: Japan’s Honda Motor reported a 15% decline in second-quarter operating profit at 257.9 billion yen ($1.68 billion), on Wednesday, missing analysts’ expectations while keeping its full-year profit forecast.

The profit compared to 302.1 billion yen in the same period last year, and the 427.2 billion yen average of seven analyst estimates in an LSEG survey.

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The company maintained its full-year operating profit forecast of 1.42 trillion yen.