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Toyota FQ3 net profit surges, raises outlook (TM)

  • Toyota (TM) FQ3 net profit jumps more than fivefold to ¥525.4B ($5.2B) from ¥99.91B a year earlier, helped by the weaker yen.
  • Operating profit climbs almost fivefold to ¥600.5B, topping expectations of ¥575.9B.
  • Net revenues ¥6.585T vs ¥5.32T.
  • Toyota has raised its fiscal-year outlook for the third time in three quarters, saying it now expects net income to almost double to a record ¥1.9T ($18.8B) vs a prior forecast of ¥1.67 and consensus of ¥1.87T.
  • Toyota projects operating profit at ¥2.4T vs previous guidance of ¥2.2T and consensus of ¥2.44T. Revenues are seen at ¥25.5T. (PR)
Comments (2)
  • Matthew Davis
    , contributor
    Comments (3569) | Send Message
     
    Wow weather must have been great where they are.
    4 Feb, 09:12 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1760) | Send Message
     
    Yen has dropped about 20%. Revenue has increased about 23%. Not a huge improvement.
    4 Feb, 09:39 AM Reply Like
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