Hyundai Motor Co. reported third-quarter earnings that beat analyst forecasts thanks to strong sales of luxury models and electric vehicles, as well as the Korean won’s continued weakness.
Consolidated operating profit for the three months through September rose 146% from a year earlier – when the company booked one-off warranty provisions — to 3.8 trillion won ($2.8 billion), beating the 3.6 trillion won mean estimate from 24 analysts. Sales rose 8.7% to 41 trillion won.
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