Toyota Posts Rise In Profit, Lifts Outlook

Toyota Motor

reported a string rise in its latest quarter net profit and raised its earnings forecast for the fiscal year. Toyota's quarterly net profit surged to ¥438.4 billion ($4.4 billion), from ¥257.92 billion, in the year-ago period. However, analysts were expecting a profit of ¥451.69 billion. For the full fiscal year, Toyota lifted its net profit view to ¥1.67 trillion. Toyota shares closed at $128.59 yesterday.