Hero MotoCorp falls after Dec quarter earnings miss estimates

MUMBAI Fri Jan 18, 2013 9:52am IST

An employee speaks to a customer inside a Hero MotoCorp showroom in Mumbai January 17, 2013. REUTERS/Danish Siddiqui/Files

An employee speaks to a customer inside a Hero MotoCorp showroom in Mumbai January 17, 2013.

Credit: Reuters/Danish Siddiqui/Files

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MUMBAI (Reuters) - Hero MotoCorp (HROM.NS) shares fell as much as 4.8 percent after the company reported lower-than-expected Oct-Dec earnings on Thursday.

India's largest motorcycle maker missed estimates for the fourth straight quarter as net profit fell 20.4 percent on rising costs and falling sales that battered margins.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)

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