Hyundai beats estimates on new models, emerging mkts

Newswire

SEOUL, Oct 28 (Reuters) - Hyundai Motor , South Korea's top automaker, posted a better-than-expected 38 percent rise in quarterly net profit, driven by new models and strong demand in emerging markets and China. Hyundai, the world's fifth largest carmaker along with affiliate Kia Motors , reported on Thursday a 1.35 trillion won ($1.20 billion) net profit for the quarter ended September, compared with a consensus forecast of 1.07 billion won from Thomson Reuters I/B/E/S. The ...

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