Honda Raises Full-Year Profit Outlook 20% Despite Quarterly Earnings Drop
Honda lifted its full-year operating profit forecast by 20%, citing robust hybrid demand and a weaker yen that helped offset slumping China sales. Quarterly earnings declined.
Honda TSE:7267 raised its annual profit forecast by 20% on Tuesday, despite booking a surprise decline in quarterly earnings, as robust demand for hybrid vehicles and a boost from a weaker yen helped offset slumping sales in China.Japan's second-largest automaker raised its full-year operating prof…