Honda sheds 5 pct after profit misses expectations

Newswire

TOKYO, Aug 1 (Reuters) - Shares of Honda Motor Co sagged 5.4 percent to 2,414 yen on Wednesday morning after the automaker's first-quarter operating profit that ended in June came in below market expectations. Honda blamed a strong yen, which eroded some of the gains from its sales recovery in North America, its biggest and most profitable market. (Reporting by Dominic Lau; Editing by Chang-Ran Kim)

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