Honda Forecast Trails Estimate as Yen Benefits Fade
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Honda Motor Co., Japan’s third-largest carmaker, forecast a full-year profit that missed analysts’ estimates, as benefits from a weaker yen fade and it increases incentives in the U.S.
Net income may increase to 595 billion yen ($5.81 billion) in the 12 months ending in March 2015, from 574.1 billion yen a year earlier, the Tokyo-based automaker said in a statement today. That’s 14 percent below the 693 billion yen average of 19 analyst estimates compiled by Bloomberg.