Toyota FQ3 net profit surges, raises outlook

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)

From other sites
Comments (2)
  • Matthew Davis
    , contributor
    Comments (4749) | Send Message
    Wow weather must have been great where they are.
    4 Feb 2014, 09:12 AM Reply Like
  • positivethoughts
    , contributor
    Comments (2065) | Send Message
    Yen has dropped about 20%. Revenue has increased about 23%. Not a huge improvement.
    4 Feb 2014, 09:39 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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