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Hero MotoCorp falls after Dec quarter earnings miss estimates

Source : REUTERS
Last Updated: Fri, Jan 18, 2013 04:43 hrs
An employee speaks to a customer inside a Hero MotoCorp showroom in Mumbai

Hero MotoCorp shares fell as much as 4.8 percent after the company reported lower-than-expected Oct-Dec earnings on Thursday.

India's largest motorcycle maker missed estimates for the fourth straight quarter as net profit fell 20.4 percent on rising costs and falling sales that battered margins.


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