Toyota (TM) Falls 5% Since Q4 Earnings Beat on Soft Profit View
TMToyota(TM) zacks.com·2024-05-16 23:21

Shares of Toyota (TM) have declined roughly 5% since it released its fiscal fourth-quarter 2024 results on May 8. This Japan-based auto giant posted earnings of 4.99pershare,whichsurpassedtheZacksConsensusEstimateof4.99 per share, which surpassed the Zacks Consensus Estimate of 2.91 and rose from the year-ago earnings of 3.07ashare.Consolidatedrevenuescameinat3.07 a share. Consolidated revenues came in at 74.5 billion, beating the consensus mark of 67.2billionandrisingfrom67.2 billion and rising from 73.2 billion in the year-ago quarter. However, an expected year-over-year decline in fiscal 2025 profits is likely to ...