Toyota Posts Rise In Q3 Profit, Lifts Outlook

Toyota Motor TM reported a rise in its third-quarter net profit. Toyota's quarterly profit surged to ¥525.46 billion ($5.21 billion), from a year-ago profit of ¥99.91 billion. Its total revenue climbed to ¥6.585 trillion from ¥5.318 trillion. Toyota lifted its outlook for net income to ¥1.90 trillion yen for the fiscal year ending March 31. Toyota shares closed at $112.75 yesterday.