Market Overview

Toyota Posts Surge In Q4 Net Profit

Related TM
A Portfolio To Profit From Japan's Quantitative Easing
The 9 Worst M&A Deals In History
Toyota's (Investor's Business Daily)

Toyota Motor Corp (NYSE: TM) reported a strong rise in its net profit in the January-March quarter.

Toyota's quarterly net profit climbed to Y121.0 billion, from Y25.4 billion, in the year-ago period. However, analysts were expecting a net profit of Y112.9 billion.

Its sales surged 23% to Y5.703 trillion from Y4.642 trillion. Operating profit jumped to Y238.5 billion from Y46.1 billion.

Toyota shares closed at $78.17 yesterday.

Posted-In: profitEarnings News


Related Articles (TM)

View Comments and Join the Discussion!

Get Benzinga's Newsletters