Toyota Trims Earnings Outlook
Toyota Motor Corp. (NYSE:TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain. The automaker expects to record a profit of ¥180 billion ($2.3 billion) for the year, which is less than half compared [...]
Toyota Motor Corp. (NYSE:TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain.
The automaker expects to record a profit of ¥180 billion ($2.3 billion) for the year, which is less than half compared with the previous forecast of ¥390 billion made in August and the year-ago profit of ¥408.18 billion.
The company also expects revenues of ¥18.2 trillion ($234.4 billion) on global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards