Honda Motor Co Q2 EPS $0.36 Down From $0.80 YoY, Sales $34.50B Up From $30.82B YoY
Portfolio Pulse from Benzinga Newsdesk
Honda Motor Co (NYSE:HMC) reported a 55% decrease in Q2 earnings per share (EPS) from $0.80 last year to $0.36 this year. However, the company's sales increased by 11.95% to $34.50 billion from $30.82 billion in the same period last year.
November 09, 2023 | 9:53 am
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Honda's Q2 earnings per share decreased by 55% YoY, while sales increased by 11.95% YoY.
The significant decrease in Honda's earnings per share indicates a decline in profitability, which could negatively impact the company's stock price. However, the increase in sales suggests that the company's revenue generation is strong, which could potentially offset some of the negative impact from the decrease in earnings.
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