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Empresas y finanzas

Honda Motor second-quarter profit falls four percent, misses estimates


    TOKYO (Reuters) - Honda Motor Co on Tuesday reported a 4.1 percent fall in second-quarter profit, missing analyst estimates, as it struggles with product recalls in the United States and Japan that could delay the development of new models.

    Japan's third-biggest automaker by revenue booked 164.4 billion yen ($1.52 billion) in operating profit for July-September, compared with a 184.1 billion yen mean estimate of 14 analysts polled by Thomson Reuters I/B/E/S.

    The automaker also kept its forecast for the full year ending March 31 at 770 billion yen.

    The result comes as U.S. consumers announced a lawsuit against Honda in relation to its recall of over 5 million cars carrying potentially defective airbags from Takata Corp <7312.T>.

    Last week, Honda also apologized for the fifth domestic recall of its Fit hybrid subcompact and said it would re-examine its process for developing cars.

    Shares of Honda closed 0.7 percent lower before the earnings release, compared with a 0.4 percent decline in Tokyo's benchmark Nikkei index .

    (Reporting by Chang-Ran Kim and Mari Saito; Editing by Christopher Cushing)