Honda Motor Co. on Monday reported second-quarter profit that missed analysts' estimates and withdrew its forecasts after flooding in Thailand crippled production in Southeast Asia.
Net income was ¥60.4 billion in the three months that ended Sept. 30, compared with ¥135.9 billion a year earlier, the company said. That missed the ¥66.1 billion average analyst estimate compiled by Bloomberg.
Honda, which made more than 170,000 cars in Thailand last year, scrapped its full-year forecasts as it reels from a disaster that has inundated 10,000 factories and flooded more than 80 percent of Thailand's 77 provinces since July.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.