Hankook Tire & Technology Q3 net income down 59.5% to $116.2 mil.
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Hankook Tire & Technology on Friday reported its third-quarter net income of 157.9 billion won ($116.2 million), down a sharp 59.5 percent from a year earlier. The firm, one of the largest tire makers in the world, said in a regulatory filing that it posted 598.8 billion won in operating profit for the quarter, compared with 586 billion won a year ago. Revenue rose 1 percent to 5.46 trillion won. The earnings fell behind market expectations. The average estimate of net profit by analysts stood a
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