Hyundai Motor's Q3 profit misses estimates as chip shortage takes a toll

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SEOUL :South Korea's Hyundai Motor Co swung to a profit in the third quarter but slightly missed analysts' estimates as the ongoing global chip shortage drove down shipments of vehicles.Hyundai, which together with affiliate Kia Corp is among the world's top 10 automakers by sales, reported a net profit of 1.

SEOUL :South Korea's Hyundai Motor Co swung to a profit in the third quarter but slightly missed analysts' estimates as the ongoing global chip shortage drove down shipments of vehicles.

The profit slightly missed an average analyst forecast of 1.4 trillion won compiled by Refinitiv SmartEstimate.

 

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