UPDATE 2-Honda Q1 beats expectations but lowers forecasts


(Recasts with operating profit figure, adds comments) By Chang-Ran Kim, Asia autos correspondent TOKYO, July 25 (Reuters) - Honda Motor Co's quarterly earnings handily beat market estimates but it cut its annual profit and global car sales forecasts as it battles with rising costs for raw materials and a crumbling U.S. auto market. Quarterly net profit at Japan's No.2 automaker and the world's top motorcycle maker showed a surprise 8 percent rise thanks to brisk sales in China, Brazil ...

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