Hyundai fourth-quarter profit beats view on brisk SUV sales, shares jump 5%

South Korea's Hyundai Motor Co reported a better than expected quarterly operating profit, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.

Operating profit for October-December came in at 1.24 trillion won ($1.07 billion), outperforming analysts' average estimate of 1.06 trillion won, according to Refinitiv I/B/E/S data. That drove Hyundai Motor shares up 5 percent.

Net profit for the quarter came in at 839 billion won, missing analysts' estimates.