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via rte.ieBusiness & Companies

Toyota posts first profit gain in six quarters and lifts annual outlook by 15%

FROM THE WIRE · RTE.IE

Toyota has today booked its first profit gain in six quarters and lifted its annual outlook by 15%, as a weaker yen and robust demand for higher-margin hybrid vehicles offset a slide in sales in China and the Middle East.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA raised outlook from a major automaker is relevant for its shares and the auto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Toyota booked its first profit gain in six quarters.
  2. 02A weaker yen and strong hybrid demand offset a slide in China and the Middle East.
  3. 03The company lifted its annual outlook by 15%.

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