Honda, Net Profit
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Zacks.com on MSNCore CPI Increased Less Than ExpectedCPI for April Comes In-Line at Post-Covid Lows Arguably the biggest economic print of this week is the Consumer Price Index (CPI) for the month of April. This not only brings us a new applicable Inflation Rate (CPI headline,
Honda Motor Co. reported a 76% drop in fourth-quarter operating profit on Wednesday, missing analyst expectations by a wide margin and prompting a sharply downgraded outlook for the fiscal year ahead.
Honda's profit for the fiscal year through March slipped 24.5 per cent from the previous year, as its vehicle sales in China dropped, and the Japanese automaker warned Tuesday that President Donald Trump's tariffs will worsen its earnings.