Honda Posts Lower 3rd-Quarter Profit
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Honda Motor Co. posted a 6.9 percent fall  in quarterly operating profit on Friday as a weaker dollar ate  into U.S.-based earnings and it sold fewer cars than expected  in its home market, but it lifted its full-year forecasts on  strong European and Asian sales.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Japan's Nikkei average closed lower on  Thursday, snapping a three-day gaining streak, as profit-taking  hit auto makers and other exporters that had attracted buyers  on the back of extended gains on Wall Street.
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Japanâs third-largest automaker blamed rising commodity costs and slower sales for the worse-than-expected results.
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Goldman Sachs Group Inc. on Tuesday   said third-quarter profit fell less than expected as strong   investment banking results offset a summer slump in trading,   sending its shares higher.
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BP  reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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Nissan Motor Co. reported a  bigger-than-expected 23 percent fall in quarterly net profit on  Friday, hurt by a sluggish recovery in U.S. sales, and lowered  its full-year forecasts despite a weaker yen.
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JetBlue Airways Corp. , a low-fare carrier flying mainly on the East Coast, said third-quarter profit will be lower than it expected because of hurricanes that forced flight cancellations in Florida and high fuel costs.
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Tokyo&#39;s Nikkei average slipped 0.85 percent to finish at a three-week closing low on Thursday as a fall in the dollar further weakened investors&#39; confidence in company earnings, prompting selling of exporters such as Honda Motor.
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Nissan, Japan's third-largest carmaker, sees profits fall 23%, hit by lower sales and higher raw material costs.
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The company said third-quarter net income fell 5 percent on weakness in refining, but the decline was less than Wall Street had feared.
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Tokyo's Nikkei average lost 0.85 percent to a three-week closing low on Thursday as a fall in the dollar further weakened investor confidence in company earnings, driving exporters such as Honda Motor Co. down.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak U.S. housing and auto markets and spiraling energy and raw material costs.
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Honda Motor Co.  posted a smaller-than-expected rise in quarterly profit, helped by brisk sales in Europe and a weak yen that offset a dip in U.S. sales -- where Honda could not keep up with demand -- and nudged its full-year forecast higher.
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Texas Instruments Inc.  posted a lower quarterly profit on weak demand for its calculators, and gave a disappointing revenue forecast for the third quarter, sending shares down 3 percent on Monday.
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However, the decline is not as bad as analysts had expected, and the company raises its profit outlook. By Todd Zaun. TOKYO -- The Honda Motor Co.
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The Auburn Hills-based Chrysler Group made a profit of $269 million in the third quarter, even though worldwide sales and revenues declined, contributing to a $1.