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