Hyundai Motor Misses Estimates as Global Headwinds Hit

Hyundai Motor Co. first-quarter earnings missed estimates as South Korea’s largest automaker grappled with US tariffs and cooling demand in key markets, while warning the Iran war is disrupting supply chains.

Operating profit fell almost 31% to 2.5 trillion won ($1.7 billion) in the three months ended March 31 from a year earlier, the Seoul-based company said Thursday. That fell short of the 2.8 trillion won analyst consensus, according to data compiled by Bloomberg. Revenue rose 3.4% to 45.9 trillion won, a record for the first quarter, though sales volumes dipped in its home market, China and Europe.