Hyundai net declines 6.5% to $2.6 bn, sales rise 4.7%

Hyundai Motor Co reported third-quarter profit that fell short of analysts' estimates as tepid vehicle sales around the globe, and expanded geopolitical risks eroded earnings.

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Operating profit was 3.58 trillion won ($2.6 billion) for the three months to September, down 6.5 per cent from a year earlier, the South Korean automaker said Thursday. That missed the 3.9 trillion won estimated by analysts. Sales rose 4.7 per cent to 42.9 trillion won during the same period.