Honda Raises Guidance After Operating Profit Jumps 67%
Honda Motor (NYSE: HMC) raised its guidance for the fiscal year after its operating profit in the quarter that ended on Dec. 31 jumped 67% from a year ago to 277.7 billion yen ($2.65 billion).
Honda said that despite the impact of COVID-19 and an ongoing global shortage of automotive semiconductors, it now expects an operating profit of 520 billion yen ($4.97 billion) for the fiscal year that will end on March 31, up from 420 billion yen in its earlier forecast.
Honda also boosted its dividend.
Source Fool.com
