Toyota hikes annual profit forecast after Q3 beats expectations
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Toyota's (TM) records impressive 3Q performance
February 6, 2024 8:27 AM ESTToyotas (NYSE: TM) 3Q operating profit reached ¥1.68 trillion with an operating profit margin of 14%, surpassing market expectations. The robust performance was driven by strong sales of high-margin vehicles, particularly hybrid electric vehicles (HEVs), which saw a YoY increase of 46%. Improved earnings per vehicle also contributed to the positive results.
Toyota considered the impact of scandals at group companies, including associated compensation, in... More
JPMorgan on Toyota Motor (7203:JP) (TM): 'We think 4Q guidance seems conservative'
February 6, 2024 6:55 AM ESTJPMorgan analyst Akira Kishimoto reiterated an Overweight rating and JPY3,300.00 price target on Toyota Motor (7203:JP) (NYSE: TM).
The analyst comments "Positive: 3Q operating profit of ¥1.68 trillion beat the Bloomberg consensus estimate, and the operating margin also reached a record high of 14%. Toyota Motor... More
