Honda posts Q1 profit, raises full-year forecast

Newswire

TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's No.2 automaker, posted an 88 percent fall in operating profit as car sales tumbled, but beat expectations for a loss and lifted its forecast for the year as it predicted sales to improve. Honda, also the world's top motorcycle maker, made an operating profit of 25.2 billion yen ($267 million) in the April-June quarter, against a profit of 210.5 billion yen a year earlier and a consensus estimate for a 106 billion yen loss in a survey of ...

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