Toyota Motor Corp reported a better-than-expected 48% rise in second-quarter
operating profit and raised its earnings outlook on Thursday as it benefited from a rebound in vehicle demand and a weaker yen.
It raised its full-year profit forecast to 2.8 trillion yen ($24.5 billion) from 2.5 trillion yen, but said that without the favorable currency impact, it was "in substance a downward revision due to raw material cost increases." Its operating profit of 750 billion yen for the three months to Sept. 30 was higher than a Refinitiv consensus estimate of 593.3 billion yen.
SOURCE:FOXNEWS
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