HMC Jul 2024 22.500 call
- Reuters
Honda sees full-year profit rising 2.8%
Japan's Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it exceeded analysts' estimates in the fourth quarter as strong sales growth in the United States offset a decline in China. Japan's second-largest automaker by volume forecast full-year operating profit would rise to 1.42 trillion yen ($9.13 billion) compared with an average profit estimate of 1.39 trillion yen in a poll of 22 analysts by LSEG. In China, the world's biggest auto market, Honda is among Japanese car brands that have struggled against more nimble and faster-moving local rivals that have attracted Chinese drivers with low-cost, technology-loaded electric vehicles.
- Zacks
Honda (HMC) to Report Q4 Earnings: Here's What to Expect
The Zacks Consensus Estimate for Honda's (HMC) fiscal fourth-quarter earnings and revenues is pegged at 44 cents per share and $37.96 billion, respectively.
- Reuters
TIMELINE-UAW workers ratify deal with Daimler as focus shifts to voting at Mercedes
The UAW also notched up a historic victory when workers at the Volkswagen Chattanooga, Tennessee plant voted to join the union, as President Shawn Fain tries to organize non-union U.S. auto factories, most of them built by Asian and European automakers in southern U.S. states. Meanwhile, focus is on voting between May 13 and May 17 at a Mercedes assembly plant in Alabama on whether to join the UAW.
