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08-06-2020, 07:40 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Toyota (https://www.autoblog.com/toyota)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-01/86e11b30-36ed-11ea-9fff-e11947a4712d Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line. Toyota's operating profit plunged 98% to 13.9 billion yen ($131.73 million) for the three months ended June, better than a consensus estimate for a loss of 179 billion yen drawn from a Refinitiv poll of seven analysts. The sharply lower earnings underlines the challenges the auto industry is facing because of the pandemic that has shutteContinue reading Toyota quarterly profit drops 98% as pandemic cuts car sales in half (https://www.autoblog.com/2020/08/06/toyota-quarterly-profit-sales/)
Toyota quarterly profit drops 98% as pandemic cuts car sales in half (https://www.autoblog.com/2020/08/06/toyota-quarterly-profit-sales/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 6 Aug 2020 09:01:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/08/06/toyota-quarterly-profit-sales/) | Email this (https://www.autoblog.com/forward/2255151/) | Comments (https://www.autoblog.com/2020/08/06/toyota-quarterly-profit-sales/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-01/86e11b30-36ed-11ea-9fff-e11947a4712d Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line. Toyota's operating profit plunged 98% to 13.9 billion yen ($131.73 million) for the three months ended June, better than a consensus estimate for a loss of 179 billion yen drawn from a Refinitiv poll of seven analysts. The sharply lower earnings underlines the challenges the auto industry is facing because of the pandemic that has shutteContinue reading Toyota quarterly profit drops 98% as pandemic cuts car sales in half (https://www.autoblog.com/2020/08/06/toyota-quarterly-profit-sales/)
Toyota quarterly profit drops 98% as pandemic cuts car sales in half (https://www.autoblog.com/2020/08/06/toyota-quarterly-profit-sales/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 6 Aug 2020 09:01:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
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