- Toyota's (TM) FQ2 net profit jumped 70% to ¥438.4B ($4.4B), boosted by the weaker yen and cost reductions. Consensus was for ¥451.69B.
- Net revenues jumped 16.2% to ¥6.28T.
- U.S. volume climbed 12.2% to 589,390 vehicles, driven by strong demand for the redesigned Corolla compact and the Lexus IS. Toyota's performance outstripped industry wide growth of 8.9%.
- Toyota increased its guidance for FY net profit by 13% to ¥1.67T, not far off its record of ¥1.72T but short of consensus of ¥1.79T. The Japanese carmaker also raised its revenue outlook by ¥1T to ¥25T but maintained its volume projections at 9.1M vehicles. (PR)
Check out Seeking Alpha’s new Earnings Center »
From other sites
at CNBC.com (Mar 11, 2015)
Exclusive: Fund Manager Zachary Savas Says Auto Is A 'Sexy Market,' Informatics Will Drive The Industryat Benzinga.com (Feb 25, 2015)
at Investor's Business Daily (Feb 20, 2015)
at Investor's Business Daily (Feb 6, 2015)
at CNBC.com (Jan 27, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs