Toyota's (TM) records impressive 3Q performance
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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
Eli Lilly earnings ahead, Toyota lifts annual guidance - what's moving markets
February 6, 2024 5:40 AM ESTInvesting.com --Â Eli Lilly is due to headline a slew of quarterly returns, with the performance of its all-important diabetes drug in focus. Toyota (NYSE: TM) hikes its full-year profit outlook, sending U.S.-listed shares in the Japanese carmaker higher in premarket trading. Chinese equities gain as the country's top market regulator offers new support measures.
1. U.S. futures mixed
U.S. stock futures traded around both sides of the flatline on Tuesday,... More
Toyota hikes annual profit forecast after Q3 beats expectations
February 5, 2024 11:36 PM ESTBy Daniel Leussink
TOKYO (Reuters) -Japan's Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after its third-quarter earnings raced past analysts' estimates thanks to a weaker yen and strong sales of high-margin cars and hybrid vehicles.
Toyota shares surged after the announcement early losses, and closed 4.8% higher - the biggest one-day gain in nearly eight months.
The improved outlook from the world's best-selling automaker contrasts with a downbeat forecast from many rivals that have warned of tepid sales growth and announced output cuts amid high interest rates and slowing demand for electric vehicles.
... MoreDow Jones, Nasdaq, S&P 500 weekly preview: Earnings season continues
February 5, 2024 10:07 AM ESTThe S&P 500 (SPX) continued its march towards 5000 after adding 1.4% last week. The Nasdaq Composite Index (IXIC) rose 1.1% on the back of the robust earnings report from Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN).
Dow Jones Industrial Average (DJI) jumped as much as 1.4% to record the first ever weekly close above 38500.
A relatively light calendar of economic data and earnings results this week will likely focus investors on earnings reports, company guidance, and comments from Fed officials in events around the country this week,... More
