Honda Motor Co Ltd

7267: XTKS (JPN)
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Honda Earnings: In Line; Strong Pricing Growth Mitigates Incentives and Weak Automobile Volume

Honda’s fiscal third-quarter operating income grew 5% year over year as strong hybrid demand in the US and motorcycle sales eased the rise of incentives and expenses. The China unit remained sluggish in sales and profitability. Full-year operating profit guidance of JPY 1.42 trillion was retained.

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