Toyota profit surges 34%, first rise in six quarters
TM•Toyota’s operating profit rose 34% to 1.13 trillion yen ($7.1 billion) in the July-September quarter, its first gain in six quarters. The result exceeded the 992 billion yen median analyst forecast.
1. Profit rebounds
Toyota’s operating profit climbed 34% to 1.13 trillion yen ($7.1 billion) in the July-September quarter, marking its first profit gain in six quarters. A weaker yen and robust hybrid demand offset a sales decline in China and the Middle East.
