Honda Motor Company Stock News

HMC earnings call for the period ending December 31, 2021.

HMC earnings call for the period ending December 31, 2021.

Honda quarterly profit has dipped on parts shortages and rising material costs, but the forecast for the current fiscal year was raised. The post Honda quarterly profits dip on chips shortage appeared first on Just Auto .

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Wednesday Market Open) No news may be good news as equity index futures are pointing to a higher open on another day of light economic announcements. There are several earnings announcements but no big companies that are likely to have far-reaching effects on the market. The higher premarket move could be an impressive follow up to yesterday’s rally. Crude oil prices and yields were lower before the market open which appears to be helping equity futures. Lower oil and yields are helping reduce investor fears as the Cboe Market Volatility Index (VIX) was 3.5% lower in premarket trading and nearing 20. Many of the earnings reports this morning are positive, starting with Toyota (NYSE: TM). The automaker reported better-than-expected earnings and revenues. TM had to cut its production targets due to the semiconductor shortage, but the stock was relatively unmoved in premarket trading.

NEW DELHI, India – Global automaker Toyota Motor and fast-food chain Domino’s Pizza are among half a dozen companies that have apologized to India for social media posts from their Pakistani partners expressing support for disputed Kashmir, as more companies got caught up in the diplomatic fracas. The apology comes after a rare diplomatic escalation between South Korea and India on Tuesday, February 8, over social media posts by Hyundai Motor’s Pakistani partner, which caused an uproar in India and calls to boycott the carmaker. Japan’s Suzuki Motor, majority owner of India’s biggest carmaker Maruti Suzuki, Honda Motor, and Isuzu Motor, South Korea’s Kia Motors, and Yum! Brands’ KFC also issued apologies as criticism grew on Twitter over the social media posts. The affray highlights the risks global companies face while navigating sensitivities amid rising nationalism in South Asia, and is prompting them to take steps to strengthen their social media policies to protect their brand. The row erupted on Sunday, February 6, a day after several companies posted messages on social media to mark Kashmir Solidarity Day, commemorated annually by Pakistan on February 5 to honor the sacrifices of Kashmiris struggling for self-determination.

Honda Motor press release (HMC): FQ3 Net income of ¥192.9B.Revenue of ¥3.69T (-2.1% Y/Y).Shares +1.3% PM.FY2022 Outlook: Honda is expecting that the external business environment…

Investors may be gaining confidence as the VIX pulls back toward 20, but tomorrow's CPI report could shake that confidence.

Honda Motor ADR Earnings, Revenue Beat in Q3

The Japanese car giant reported a profit for the three months to December of 192.9 billion yen (£1.1 billion)

Hondas profit dropped 32% in the last quarter amid rising material costs and a shortage of computer chips.

TOKYO - Honda''s profit dropped 32% in the last quarter as rising material costs and a shortage of computer chips hurt the Japanese automaker. Honda Motor Co.''s profit for the

KFC, Pizza Hut, Hyundai, Toyota and Suzuki have also apologised for posts on social media made by their business partners on Kashmir Solidarity Day.

Honda Motor Co raised its full-year operating forecast on Wednesday, aided by cost cutting and a weak yen despite a persistent global chip shortage. It upgraded its latest forecast for an operating profit of 800 billion yen ($6.93 billion) for the year to March 31.