Hyundai Motor Q3 Profit Beats Forecasts
Hyundai Motor posted a 5.5 percent rise in third-quarter operating profit, beating analyst forecasts as favorable foreign exchange rates offset weaker sales. However, the automaker lowered its annual profit margin and sales targets amid growing competition.
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HYUNDAI MOTOR CO reported a 5.5% rise in third-quarter operating profit to 2.7 trillion won ($2.01 billion), beating analyst forecasts. Favorable foreign exchange rates offset the impact of partial strikes and weaker sales of older vehicle models during the July-September period. The automaker lowered its 2026 operating profit margin target and trimmed annual sales guidance amid rising competition.
