=Honda Motor (HMC) reported earnings on Tue 2 Aug 2016 (b/o)

Honda Motor beats by JPY22.10, reports revs in-line; reaffirms FY17 EPS guidance, revs guidance :

• Reports Q1 (Jun) earnings of JPY96.93 per share, JPY22.10 better than the Capital IQ Consensus of JPY74.83; revenues fell 6.3% year/year to JPY3471.7 bln vs the JPY3452.87 bln Capital IQ Consensus.
  • Sales revenue decreased by 6.3% primarily due to negative foreign currency translation effects despite an increase in automobile and motorcycle consolidated unit sales and other factors
• Co reaffirms guidance for FY17, sees EPS of jPY216.39 vs. JPY266.67 Capital IQ Consensus Estimate; sees FY17 revs of JPY13.75 trln vs. JPY13956.3 bln Capital IQ Consensus Estimate.