Toyota (TM) Earnings Beat, Revenues Miss Estimates In Q3
Zacks Investment Research | Feb 06, 2020 08:26PM ET
Toyota Motor’s (NYSE:TM) shares moved up 1.5% to close the trading session at $143.85 on Feb 6, after it reported improved year-over earnings in third-quarter fiscal 2020 (ended Dec 31, 2019).
The Japanese auto giant posted earnings of $4.79 per ADR, up from the year-ago figure of $1.11. Moreover, the bottom line surpassed the Zacks Consensus Estimate of $3.84. The company recorded net income of ¥738 billion in the quarter under review, up 307.9% from the year-ago period.
Consolidated revenues decreased to ¥7.5 trillion ($69.4 billion), down 3.3% year over year. The top line also lagged the Zacks Consensus Estimate of $69.7 billion.
In the first nine months of fiscal 2020, consolidated vehicle sales improved to 6,830,129 units globally, marking an increase of 129,227 units from the same period of the last year.
Toyota Motor Corporation Price, Consensus and EPS Surprise
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