Toyota reports quarterly profit of $2.2 billion

Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales recovery that offset lingering doubts about the safety of its cars.

Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales recovery that offset lingering doubts about the safety of its cars.

AP - BACK IN THE BLACK: Toyota posts quarterly profit of $2.2 billion, reversing last year's red ink, as the world's top automaker benefited from cost cuts and a global sales recovery that offset lingering doubts about its cars' safety.

The words for the day once again are "unexpectedly declined". I have a couple of examples. The New York Times reports U.S. Factory Orders Fall Unexpectedly New orders for factory goods unexpectedly fell in the United States in June, a fresh sign that the slowdown in the country’s manufacturing sector will probably stretch into the second half of the year.

TOKYO — Toyota‘s quarterly profit tripled, driven by a recovery from natural disasters, and the company raised its full-year earnings forecast Monday despite a sales slump in China. Toyota Motor Corp., on track to regain the crown of world’s No. 1 automaker this year, reported a July-September net profit of 257.9 billion yen ($3.2 billion) compared with an 80.4 billion profit a year earlier. The result was better than the 238 billion yen ($3 billion) quarterly profit forecast by analysts surveyed by FactSet.

DETROIT/NEW YORK, Dec 27 (Reuters) - Toyota Motor Corp eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.