Honda Lifts Full-Year Profit Guidance
Honda boosts its full-year profit guidance, as President Donald Trump takes aim at Japanese automakers.
Honda Motor (HMC) - Get Report lifted its full-year profit guidance Friday as cost cuts at Japan's third-biggest automaker, coupled with a weaker yen, continue to boost sales.
Honda expects full-year profits of around ¥785 billion ($6.9 billion) for the fiscal year ending in March, a 27% increase from last year and well ahead of the ¥753 billion tally forecast by analysts. The make of the CRV sport utility vehicle expects to shift just over 5 million cars globally in it fiscal year, up from a prior estimate of 4.98 million.
