Honda reports more than 60% year-on-year drop in quarterly operating profit
Honda
TOKYO, Feb 10 : Honda Motor said on Tuesday its third-quarter operating profit fell 61.4 per cent, marking a fourth consecutive year-on-year decline, as U.S. import tariffs and weakening demand for electric vehicles weighed on results. Japan's second-biggest automaker after Toyota Motor reported operating profit of 153.4 billion yen ($987.07 million) for the period, missing the 174.5 billion yen average forecast from nine analysts polled by LSEG. That compared to a 397.3 billion yen operating
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