Honda Falls Most in Four Years as Profit Forecast Lags Estimates
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Honda Motor Co. fell the most in four years in Tokyo trading after forecasting profit that fell short of analyst estimates, as recall costs and weaker overseas currencies erode the carmaker’s earnings.
Honda fell as much as 7.7 percent, the biggest intraday decline since March 2011, to 3,999 yen and traded at 4,032.5 yen as of 9:15 a.m. Japan’s benchmark Topix index declined 1.4 percent.