Toyota Motor
on Thursday reported higher-than-expected operating profit for the June-quarter, even as the world’s largest auto company by sales volumes grapples with U.S. tariffs.
Here are Toyota’s results compared with the mean estimates from LSEG:
Operating profit for the quarter, however, dropped 11% year on year, with the company ascribing 450 billion yen in losses to U.S. tariffs. Net income attributable to the company fell 37% to 841.3 billion yen.
Toyota also revised its full-year operating income forecast down 600 billion yen to 3.2 trillion yen.
