World Media

Honda's profit more than triples on sales growth, tax cut

Honda's profit more than triples on sales growth, tax cut

Honda Motor Co Ltd 7267.T on Friday said it expected China would overtake the United States as its biggest market for cars in the coming years after higher sales in Asia prompted the automaker to raise its full-year profit outlook by 4 percent. The current 14-day RSI is presently sitting at 47.22, the 7-day is 33.60, and the 3-day is 12.81.

In contrast, sales in the United States, for decades Honda's largest country market, were largely stagnant at 1.64 million vehicles a year ago, and significant growth is unlikely given that overall vehicle sales in the country are widely expected to retreat after peaking in 2016. The companyÂ's product candidates include CHS-1701, a pegfilgrastim biosimilar candidate, which is used for the treatment of febrile neutropenia; CHS-0214, an etanercept biosimilar candidate, which is in various phases of clinical trials for the treatment of ankylosing spondylitis, juvenile idiopathic arthritis, psoriatic arthritis, rheumatoid arthritis, and psoriasis; and CHS-5217, a bevacizumab biosimilar candidate, which is in preclinical stage for the treatment of metastatic colorectal cancer, nonÂ-small cell lung cancer, metastatic kidney cancer, advanced cervical cancer, platinum-resistant ovarian cancer, and recurrent glioblastoma. It now has negative earnings. Kohlberg Kravis Roberts & Co. Citadel Advsr Lc owns 16,364 shares or 0% of their USA portfolio. Moreover, Dumont & Blake Investment Advisors Llc has 0.01% invested in the company for 35,000 shares. The Wisconsin-based Legacy Capital Partners Inc. has invested 0.01% in the stock. Highland Capital Management Lp, a Texas-based fund reported 433,930 shares. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. The lowest target is $40.0 while the high is $43.0. CHRS was included in 2 notes of analysts from September 7, 2016. Finally, Jefferies Group restated a "buy" rating and issued a $36.36 price target on shares of Honda Motor in a research report on Friday, October 13th.

Analysts await Coherus Biosciences, Inc.

Washington pushes past No. 25 Arizona State
Washington went to Nowell, but he was called for an offensive foul with 36.5 seconds left giving the ball back to the Sun Devils. Washington: Matisse Thybulle moved into first place on the school's single-season steals record after grabbing six steals.

The quarterly dividend for the fiscal third quarter will be 25 yen per share (an increase of 1 yen per share compared to the same period last year), and total dividends to be paid for the fiscal year ending March 31, 2018 are expected to be 98 yen per share (an increase of 6 yen per share compared to the previous fiscal year). The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.49 by $0.37.

The stock decreased 2.02% or $0.2 during the last trading session, reaching $9.7. About 37,995 shares traded. Spark Energy, Inc. (SPKE) has risen 28.31% since February 2, 2017 and is uptrending. It has outperformed by 0.92% the S&P500. The stock of Honda Motor Co., Ltd. (NYSE:HMC) has "Buy" rating given on Tuesday, August 15 by Jefferies. The company has market cap of $64.09 billion.

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. It has a 11.18 P/E ratio.


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