Toyota Profit Seen Rising 18 Percent
Toyota is forecast to report its first operating income increase in six quarters. Strong hybrid demand and a weaker yen are expected to offset slumping sales in China.
Insights:
Toyota is forecast to report an 18% surge in operating profit to 992 billion yen ($6.3 billion) for the July-September quarter, marking its first increase in six quarters. The automaker benefited from a weaker yen and robust demand for hybrid vehicles, which offset slumping sales in China. That rebound follows a period of margin compression that weighed on earnings over the prior year.
