Reuters logo
19 days ago
Toyota lifts outlook, Q1 profit falls less than market expected
August 4, 2017 / 6:26 AM / 19 days ago

Toyota lifts outlook, Q1 profit falls less than market expected

TOKYO, Aug 4 (Reuters) - Toyota Motor Corp raised its full-year outlook on Friday after posting a lower than expected fall in quarterly operating profit thanks to favourable exchange rates.

Operating profit at the world's No. 2 automaker came in at 574.29 billion yen ($5.22 billion) for the April-June period, down 11 percent from 642.23 billion yen a year ago. Analysts on average expected 538.3 billion yen, according to Thomson Reuters I/B/E/S.

Toyota said it now expects full-year operating profit of 1.85 trillion yen, up from a previous forecast of 1.6 trillion yen. ($1 = 110.0600 yen) (Reporting by Naomi Tajitsu; Editing by Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below