Honda Motor Co. said Friday its fiscal third-quarter profit totaled 20.2 billion yen ($222 million), or 11 yen a share, from 200 billion yen, or 110 yen a share, in the same quarter a year before. Like many of its peers with strong export business, the No. 2 Japanese automaker was hit by a strengthening yen and reduced demand due to the global economic slump. Revenue for the quarter was 2.53 trillion yen compared to 3.04 trillion yen in the year-ago period. Honda also said it had reduced its profit outlook for the full fiscal year ending March 31 to 80 billion yen, which would mark an 87% drop from the previous year's results.
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