Toyota (TM) Misses Q3 Earnings Estimates, Lowers FY19 View
Zacks Investment Research | Feb 06, 2019 09:23PM ET
Toyota Motor Corporation’s (NYSE:TM) earnings were $1.11 per ADR in third-quarter fiscal 2019 (ended Dec 31, 2018). Earnings missed the Zacks Consensus Estimate of $2.80. This Japanese automaker reported net income of ¥180.9 billion ($1.6 billion) in the quarter under review, down from ¥942 billion ($8.3 billion) in the year-ago period.
Toyota’s total net revenues rose 3% year over year to $69.04 billion (¥7.8 trillion), which surpassed the Zacks Consensus Estimate of $68.2 billion.
In the first nine months of fiscal 2019, consolidated vehicle sales went up to 6,700,902 units, marking an increase of 22,623 units from the same period of the last fiscal year. Over the same period, this Japanese automaker witnessed a decline in vehicle sales across North America and Other regions (consisting Central and South America, Oceania, Africa, and the Middle East). However, sales in Japan, Europe and Asia rose from the year-ago period.
Toyota Motor Corporation Price, Consensus and EPS Surprise
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