Honda's full-year profit will see a drop of 63 percent

trymee submitted on 6/16/2011 Auto Spies Photos Timestamp: 10:27:40 AM

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Honda Motor Co. is expecting its net income to drop 63 percent to 95 billion yen ($2.4 billion) in the year ending March 31, 2011, from 534.1 billion yen a year earlier. This forecast is way below Bloomberg’s average estimate of 375 billion yen. In addition, the company expects that this decline is larger than what Toyota Motor Corp.

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Honda's full-year profit will see a drop of 63 percent

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