Honda quarterly operating profit plunges over 60 percent amid US tariffs and EV market shifts
Honda reported a 61.4 percent drop in quarterly profit on Tuesday due to US tariffs and EV market shifts. This marks a fourth straight year on year decline.
Insights:
Honda Motor Co., Ltd. reported a 61.4% year-on-year decline in its third-quarter operating profit to 153.4 billion yen on Tuesday. The result came in below the 174.5 billion yen average forecast from nine analysts polled by LSEG, marking the fourth consecutive year-on-year decline for the automaker.
