UPDATE 2-Hyundai Q1 profit misses f'cast; shares fall

Newswire

(Updates shares, adds quote, analyst) By Cheon Jong-woo SEOUL, April 24 (Reuters) - Hyundai Motor Co , South Korea's top auto maker, missed forecasts with a 28 percent rise in first quarter profit as foreign exchange losses and higher raw material costs weighed, sending its shares down over 4 percent. While a weaker won currency helped boost sales of models such as the Sonata sedan and the Santa Fe sports utility abroad, it also contributed to steeper prices for inputs such as steel ...

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