Mazda posts Q1 loss on quake, keeps forecasts

Newswire

TOKYO, July 29 (Reuters) - Mazda Motor Corp plunged to a quarterly operating loss for the first time in two years as sales fell in almost every market due to a parts supply shortage caused by the March 11 earthquake and tsunami. For April-June, Mazda's operating loss was 23.1 billion yen ($297 million), compared with a profit of 6.4 billion yen for the same period a year-earlier. That was slightly worse than an average estimate of 19.9 billion yen in a poll of seven analysts by Thomson ...

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