TOKYO(Reuters) – Japan’s Honda Motor Co on Wednesday posted a 16% rise in second-quarter operating profit, missing analysts’ estimates.
Operating profit totalled 231.2 billion yen ($1.59 billion)in the three months to end-September, versus an average estimate of 243.3 billion yen profit in a poll of 10 analysts by Refinitiv.
The same period a year earlier, the company earned 198.9 billion yen.
($1 = 145.7500 yen)
(Reporting by Satoshi Sugiyama; Editing by David Dolan)
