Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
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Toyota reported a nearly 20% decline in second-quarter operating profit, missing analyst estimates. Despite this, the company maintained its full-year operating profit forecast of 4.3 trillion yen.
November 06, 2024 | 5:45 am
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Toyota's second-quarter operating profit fell by 20%, missing estimates. However, the company kept its full-year profit forecast unchanged.
The 20% drop in operating profit and missing estimates are likely to negatively impact Toyota's stock price in the short term. However, maintaining the full-year forecast may mitigate some investor concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100