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

  1. Toyota Raises Earnings Forecast After Higher Operating Profit

    WSJ Business · · Summary only

  2. Toyota posts profit surge as hybrid sales shine

    RTÉ Business · · Full text

Link to this briefing · Back to news