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Honda Motor reports 76% plunge in operating profit in huge earnings miss

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  Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant  Honda  missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36 trillion yen ($47.26 billion) vs. 5.36 trillion yen Operating profit: 73.5 billion yen vs. 275.52 billion yen Honda’s fourth quarter ends March 31. Honda Motor Co Ltd *Data is delayed  | Exchange  | JPY 1,503.50 +15.00  (+1.01%) Last | 3:30 PM JST WATCHLIST + Quote Details For its financial year ended March, revenue came in at 21.69 trillion yen, compared to the average estimate of 21.63 trillion yen from LSEG and marking a 6.2% rise year on year. Operating profit fell 12.2% to 1.21 trillion yen, against the average LSEG estimate of 1.41 trillion yen. Net profit for its full year fell 24.5% to 835.84 billion. Wh...

Berkshire meeting updates: Buffett proposes Abel become CEO, talks trade policy, market volatility

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  To watch the meeting in the Mandarin translation,  click here . Berkshire Hathaway ’s annual meeting ended Saturday with big news:  Warren Buffett  said he planned to ask the board to make Greg Abel the company’s CEO by year-end. Abel, Berkshire’s vice chairman of non-insurance operations, was at Buffett’s side on stage when Buffett broke the news, and didn’t know these remarks were coming, according to “The Oracle of Omaha.” The 94-year-old has had a six-decade run at the company, and its annual meetings draw thousands of shareholders from around the world to Omaha each year. The gathering, known as “Woodstock for Capitalists,” is a chance for Buffett to share his views on the markets, investing and life, in general. This year, Buffett was asked about global trade policy and the tariffs that President Donald Trump has proposed as well as the market’s recent volatility. “Trade should not be a weapon,” Buffett said. Read a full account of the day’s events below. Her...