Peninsula On-line (Enlarge photo)

28/07/2008 20:39. Honda (link will open in a new window) reported strong first-quarter
results Friday, but did lower its operating income forecast for
fiscal 2009 by JPY 20 billion, or about $187 million. We are
leaving our fair value estimate unchanged, since we believe Honda's
fuel-friendly lineup is the best positioned of any automaker. // Morningstar

25/07/2008 22:56. TOKYO - Honda Motor Co. reported record profit for a fiscal first quarter Friday as sales growth in new markets offset the damage from a stronger yen and soaring material costs.

The results came a day after U.S. automaker Ford Motor Co. reported its worst quarterly loss ever.

Honda, Japan's No. 2 automaker, earned a better-than-expected 179.6 billion yen ($1.68 billion) in the April-June quarter, up 8.1 percent from the same period the previous year. Analysts surveyed by Thomson Financial had forecast 131.3 billion yen ($1.2 billion) in quarterly profit.

Sales for the quarter dipped 2.2 percent from a year ago to 2.867 trillion yen ($26.79 billion), largely because the rising yen eroded the value of overseas earnings. If the yen's value had held at levels of a year ago, sales would... // istockAnalyst.com

Total: 61 news articles, 13 photos
First News Article: Reuters, 25/07/2008 17:16