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via finance.yahoo.comBusiness & Companies

Toyota raises annual profit forecast despite 19% drop in second-quarter profit

FROM THE WIRE · FINANCE.YAHOO.COM

TOKYO (AP) — Japan's top automaker Toyota reported its fiscal second quarter profit fell 19% from a year ago but raised its full year profit forecast Thursday. Toyota Motor Corp.'s July-September net profit fell to 759.4 billion yen ($4.8 billion) from 932 billion yen for the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishToyota's raised profit guidance matters for the stock and the auto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net profit for July-September fell to 759.4 billion yen from 932 billion.
  2. 02Quarterly sales rose to 13.4 trillion yen from 12.4 trillion.
  3. 03The full-year profit forecast was raised to 3.57 trillion yen from 3.25 trillion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Toyota Motor CorporationTMStock199.46 USDMarket closedtoday +3.35%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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