0803 GMT - Hyundai Motor's 2Q earnings could miss expectations as the impact from U.S. tariffs kicks in, HSBC analyst Will Cho writes in a note. The South Korean carmaker's operating profit is forecast to have fallen 24% from a year earlier to 3.3 trillion won for the April-June quarter, likely below the consensus estimate of 3.6 trillion won, the analyst says. The projected operating profit has factored in an estimated tariff-related cost of 416 billion won for 2Q, he notes. Without tariffs, the company's 2Q operating profit would likely beat the consensus, he adds. HSBC revises down its 2025 operating profit estimate by 9% to reflect the estimated tariff impact. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 16, 2025 04:03 ET (08:03 GMT)
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