Honda posts record Q1 profit on strong U.S. sales

Newswire

TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's second-largest automaker, posted a record quarterly operating profit of 170.82 billion yen ($1.44 billion) for April-June on Monday, fuelled by brisk sales of light trucks in the United States and a weak yen compared with year-earlier levels. The 12.8 percent rise in consolidated operating income from a year earlier came in at the low end of analysts' forecasts which ranged from 172 billion yen to 207 billion yen. Sales rose 10 percent ...

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