Toyota lifts annual profit forecast after 34% quarterly gain
Briefing by News4U · First published
Toyota raised its full-year operating-profit forecast by 15% to 3.9 trillion yen ($24.6 billion) after reporting a 34% year-on-year rise in quarterly profit to 1.13 trillion yen, beating analyst estimates, as hybrid sales and a weaker yen offset weaker demand in China and the Middle East. [1] [2]
Sources
- Toyota Raises Earnings Forecast After Higher Operating Profit
WSJ Business · · Summary only
- Toyota posts profit surge as hybrid sales shine
RTÉ Business · · Full text