Honda Q3 tumbles on yen but lifts cautious outlook

Newswire

TOKYO, Jan 31 (Reuters) - Honda Motor Co lifted its cautious outlook even as a strong yen and sliding Japanese sales hit quarterly profits, confirming investors' optimism about the automaker's robust earnings potential. Honda, Japan's third-biggest automaker, raised its operating profit forecast for the year to March 31 to 620 billion yen ($7.55 billion) from 500 billion yen. A survey of 20 analysts by Thomson Reuters I/B/E/S forecast an operating profit of 594 billion yen. It lifted its ...

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