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Honda hikes full-year outlook despite tariffs-driven 50% profit drop in Q1
Despite the disappointing quarterly results, Honda revised its full-year outlook upward. The company now expects tariffs to weigh on operating profit by 450 billion yen, down from a prior estimate of 650 billion yen. It also raised its operating profit forecast for the fiscal year to 700 billion yen from 500 billion yen.
Detailed price information for Honda Motor Co. Ltd (HNDAF) from The Globe and Mail including charting and trades.
Honda HMC reported earnings of $1.57 per share for first-quarter fiscal 2025, surpassing the Zacks Consensus Estimate of $1.19. The bottom line, however, declined from the year-ago profit of $1.60 ...
AP reports that Honda’s Q1 profits slipped by 24.5%, driven largely by sliding sales in China in the face of local EV competition.
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