Hyundai Motor Q3 Operating Profit Rises 5.5% to 2.7 Trillion Won, Beating Forecasts

Hyundai Motor posted a 5.5% increase in third-quarter operating profit to 2.7 trillion won ($2.01 billion), surpassing analyst expectations. Favorable foreign exchange rates provided a meaningful tailwind, helping the South Korean automaker overcome headwinds from partial strikes and weaker sales of older vehicle models.

Growth in North America and India were cited as key drivers of the stronger-than-expected result, according to Bloomberg. The beat signals that Hyundai's geographic diversification is helping cushion pressures at home and in softer markets.