Honda Raises Guidance Following Fiscal Second-Quarter Results
We are not changing our Honda fair value estimate after the company reported second-quarter fiscal 2019 results. Honda had a good quarter with an easy year-over-year comparable due to a Takata airbag legal settlement charge of JPY 53.7 billion in the prior-year's quarter. Total company revenue increased 1.7% year over year mostly due to growth from motorcycles and the captive finance arm. Automotive segment revenue declined by 0.9%. Motorcycles volume including joint ventures grew 1.5% to 5.3 mi...
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