November 6, 2019 / 4:26 AM / a month ago

Subaru shares fall after profit warning on yen, typhoon impact

TOKYO, Nov 6 (Reuters) - Subaru Corp shares dropped as much as 4.5% on Wednesday after the company cut its profit forecast amid expectations of a stronger yen and the impact of a typhoon on production.

Japan’s smallest major automaker cut its forecast for full-year operating profit to 220 billion yen ($2 billion) from a previous forecast of 260 billion yen.

Shares of the company were down 3% at 3,041 yen by 0421 GMT. ($1 = 109.0400 yen) (Reporting by Kevin Buckland; Editing by Himani Sarkar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below