Toyota Motor beats operating profit estimates and raises earnings forecast and share buyback plan
TM Toyota Motor Corp ADR
$214.78 -1.71%
View chart & analysis → - 1Toyota's operating profit of 1.127 trillion yen for the three months ended September 30 exceeded Reuters' estimate of 992 billion yen.
- 2Toyota Motor has raised its earnings forecast and share buyback plan.
- 3Sales volume in China decreased by 12% compared to the previous year.
So what's the key point?
Toyota Motor earned much more money than experts expected. The company raised its earnings forecast and share buyback plan, suggesting the stock may rise further.
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