Thursday, October 6, 2022

Toyota Q1 operating profit jumps to $9.2 billion, beats expectations By Reuters


© Reuters. FILE PHOTO: Toyota Motor Corp’s logo on Estima Hybrid model is pictured at its headquarters in Tokyo, Japan, February 6, 2017. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO, August 4 (Reuters) – Toyota Motor (NYSE:) Corp reported on Wednesday a higher-than-expected first-quarter operating profit of 997.49 billion yen ($9.15 billion) as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.

The operating profit at Japan’s biggest automaker for the three months ended June 30 was higher than an average estimate of 752 billion yen based on 10 analysts polled by Refinitiv and well above 13.9 billion in the pandemic-hit first quarter a year earlier.

Toyota maintained its full-year forecast for an operating profit of 2.5 trillion yen for the current fiscal year that it made in May.

The outlook from the maker of the RAV4 SUV crossover and Prius hybrid vehicles trails an average forecast for a 2.88 trillion yen operating profit, according to 24 analysts polled by Refinitiv.

($1 = 109.0500 yen)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories