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Honda raises full-year profit outlook despite second-quarter earnings drop

By Reuters News

TOKYO, Nov 10 (Reuters) - Honda 7267.T raised its annual profit forecast by 20% on Tuesday, despite booking a surprise decline in quarterly earnings, as robust demand for hybrid vehicles and a boost from a weaker yen helped offset slumping sales in China.

Japan's second-largest automaker raised its full-year operating profit forecast to 780 billion yen ($4.94 billion) from 650 billion yen.

Operating profit for the July-to-September quarter fell 39% from a year earlier to 118 billion yen, compared with a median forecast of 250 billion yen in a poll of nine analysts surveyed by LSEG.


($1 = 157.9700 yen)

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