Honda Motor Co Ltd ADR

HMC: XNYS (USA)
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Honda Earnings: Broadly in Line; Motorcycles and US Hybrid Sales Offset Struggles in China

Honda’s fiscal first-quarter consolidated revenue grew 14% year on year, with automobile revenue up 10% and motorcycles up 20%. Automobile margin returned to a positive 5% due to reduced tariffs and favorable currency effects, while sales and profitability for the China unit remained sluggish.

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