Categories Earnings

Earnings: Honda Motor begins fiscal 2020 on a dull note, sells fewer cars in North America

Japanese automobile manufacturer Honda Motor Co (NYSE: HMC) said its revenues for the first three months of fiscal 2020 edged down 0.7% to JPY 3,996.2 billion (approx. $37.4 billion).

During the quarter, the company witnessed disappointing performance across all business units, except in Financial services. The top-line was also hurt by forex headwinds, the company said.

honda motor stock - a logo of honda on a vehicle
Photo by Hadi Yazdi on Unsplash

The Motorcycle and Life Creation units (Power Product business has been renamed Life Creation business from April 1, 2019) declined 8.1% and 4.5% respectively, partially offset by a marginal 1.2% increase in the Automobile segment.  

Automobile sales were mainly pulled down by the weakness in North America, where it sold 23% fewer cars compared to last year. The big fall in the Motorcycle division was led by weakness in the Indian market.

Despite its cost optimization initiatives, operating profit fell 15.7% to JPY 252.4 billion (approx. $2.36 billion) due to SG&A expenses and lower revenues.

On a per-share basis, the Civic-maker reported earnings of JPY 97.92 (approx. $0.92) in the first quarter.

READ: What Tesla executives discussed during Q2 2019 earnings call

HMC shares ended their last trading session down 0.24%. The stock has declined 6% so far this year.

Outlook

For the fiscal full year, the company expects a 1.5% decrease in sales revenue to JPY 15,650 ($146.4 billion), while EPS is projected to be JPY366.57 (3.43).

Operating profit for this period is forecast to increase 6%.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

Comments

  1. Pingback: Reba Fleurantin
  2. Pingback: Quality standards
  3. Pingback: Academic Advising
  4. Pingback: fue
  5. Pingback: Institutions
  6. Pingback: Coursework
  7. Pingback: Finance courses
  8. Pingback: fue
  9. Pingback: Hardness Tester
  10. Pingback: pannello led
  11. Pingback: cage de mma
  12. Pingback: cortexi
  13. Pingback: Fiverr Earn
  14. Pingback: Fiverr Earn
  15. Pingback: Fiverr Earn
  16. Pingback: fiverrearn.com
  17. Pingback: fiverrearn.com
  18. Pingback: livpure mediprime
  19. Pingback: fiverrearn.com
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: french bulldog
  23. Pingback: fiverrearn.com
  24. Pingback: chocolate frenchie
  25. Pingback: aussie doodle dog
  26. Pingback: future university
  27. Pingback: future university
  28. Pingback: future university
  29. Pingback: Fiverr.Com
  30. Pingback: FUE
  31. Pingback: Classic Books 500
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: Aussie porn
  40. Pingback: partners
  41. Pingback: ikaria juice
  42. Pingback: french bulldogs
  43. Pingback: french bulldog
  44. Pingback: Predictions
  45. Pingback: FiverrEarn
  46. Pingback: live sex cams
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: website builder
  57. Pingback: Kuliah Termurah
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: slimming tea legit
  62. Pingback: cheap sex cams
  63. Pingback: canine probiotics
  64. Pingback: french bulldog buy
  65. Pingback: live sex cams
  66. Pingback: freeze dried candy
  67. Pingback: frt trigger
  68. Pingback: 늑대닷컴
  69. Pingback: One Peace AMV
  70. Pingback: One Peace AMV
  71. Pingback: One Peace AMV
  72. Pingback: nang sydney
  73. Pingback: allgame
  74. Pingback: 918kiss
  75. Pingback: หวย24
  76. Pingback: pg slot
  77. Pingback: aplikasi main slot
  78. Pingback: megagame
  79. Pingback: ozempic
  80. Pingback: SaaS Attorney
  81. Pingback: itsMasum.Com
  82. Pingback: website
  83. Pingback: chatrandom
  84. Pingback: joker gaming
  85. Pingback: barcelona jobs
  86. Pingback: itsmasum.com

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top