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Honda first-quarter profit beats forecasts as sales boost offsets forex impact

The logo of Honda Mortor is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. Picture taken March 22, 2016.

Honda Motor Co. (7267.T) posted a stronger-than-expected 11.5 percent rise in first-quarter operating profit as higher vehicle and motorcycle sales as well as lower costs offset the impact of a stronger yen.

Japan's third-largest automaker by sales clocked 266.8 billion yen ($2.61 billion) in operating profit for April-March, surpassing an average estimate of around 183.31 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.

Honda maintained its previous forecast for operating profit to rise 19.2 percent to 600 billion yen for the full year to March, citing uncertainties about currency moves and the upcoming presidential election in the United States, a...