UPDATE 2-Honda profit beats estimates but U.S. sales dented

martes 29 de julio de 2014 07:32 GYT
 

* April-June oper profit up 7.1 pct, beats forecasts

* FY oper profit outlook raised to 770 bln yen from 760 bln

* Honda's N.American Q1 operating profit down 6 pct

* Production at new Mexico plant slower than expected -exec

* Still aims for annual US sales target of 1.55 mln vehicles (Adds executive comment, North American profit decline, Brazil and China information)

By Yoko Kubota

TOKYO, July 29 (Reuters) - Honda Motor Co said teething troubles at a new plant in Mexico dented sales and profit in the U.S. market, its biggest, taking the shine off a better-than-expected rise in quarterly profit powered by brisk results in Japan.

U.S. sales by Japan's third-largest automaker dipped 0.8 percent in the first half, while sales rose at rivals Toyota Motor Corp and Nissan Motor Co. It posted a 6.0 percent drop in North American operating profit for the April-June quarter.

Overall earnings were buoyant, however, with a 7.1 percent rise in quarterly operating profit to 198.04 billion yen ($1.9 billion), beating the 181.8 billion yen mean estimate of 12 analysts polled by Thomson Reuters I/B/E/S.   Continuación...