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Wednesday, February 16, 2011
Yamaha Stock Drops 10% After Earnings Report
Investors at the Tokyo Stock Exchange were not happy with Yamaha Motor this morning, as the Japanese motorcycle manufacturer reported its 2010 earnings and 2011 forecast, and promptly saw its stock drop 10%. Despite managing to turnaround its 2010 income from the �216.1 billion ($2.5 billion) loss�it took in 2009 to a profit of �18.3 billion ($219 million), Yamaha only expects to improve on these gains by just over 9% in 2011. Yamaha’s return to ...
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