Technology Honda shares jump after first-quarter profit beats estimates

Honda shares jump after first-quarter profit beats estimates

A logo of Honda Motor Co is seen outside the company's dealership in TokyoShares in Honda Motor Co jumped as much as 5.5 percent on Wednesday after Japan’s No.3 automaker posted a stronger-than-expected rise in first-quarter profits, offsetting the impact of a firmer yen with higher vehicle sales.

Honda’s shares outperformed both the broader Tokyo market and other automakers’ shares, which fell as the dollar slid further against the yen.

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