Honda posts 15% fall in Q2 operating profit, missing forecasts
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Honda Motor reported a 15% decline in Q2 operating profit, missing analysts' expectations, but maintained its full-year profit forecast.
November 06, 2024 | 4:30 am
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Honda Motor's Q2 operating profit fell by 15%, missing analysts' expectations. Despite this, the company has kept its full-year profit forecast unchanged.
The 15% decline in Q2 operating profit and the miss on analysts' expectations are likely to negatively impact Honda's stock price in the short term. However, the maintenance of the full-year profit forecast may mitigate some of the negative sentiment.
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