Honda Posts Rise In Profit, Lowers Forecast
Posted on January 31, 2013 at 02:22 AM EST
Honda Motor Co (NYSE: HMC ) posted a rise in its earnings in the October-December quarter, but lowered its outlook for the full year. Honda's quarterly net profit surged to Y77.4 billion, from Y47.66 billion, in the year-ago period. However, analysts were expecting a profit of Y104.95 billion. For the