Toyota’s (TM) ADR-listed shares surged on Wednesday after the world’s largest automaker boosted its revenue and operating income forecast, citing improving...
Toyota said it now sees sales revenue for its fiscal year 2024 at ¥43 trillion up ¥5 trillion from its prior forecast, with operating income now rising to ¥4.5 trillion . “The forecast has been revised upward from the previous forecast in light of the impact of exchange rate fluctuations as well as efforts to improve profitability,” the company said in a statement.
Toyota did not, however, boost its global vehicle deliveries forecast, which remains at 11.38 million vehicles. While the company sees a decrease in sales due to “uncertainty” in markets such as China, the automaker sees improvements in areas like North America and other regions where a “robust market is expected” as well as in Europe where the company expects a recovery in supply.
The stock market is approaching a 'once-in-a-generation' buying opportunity as profits are about to take off almost everywhere, investment firm saysBank of Nova Scotia stock could be a major bargain in the banking scene right now. The post Canadian Bank Stocks Look Severely Undervalued: Here’s 1 With a 7.6% Yield appeared first on The Motley Fool Canada.Energy stocks are at their 52-week highs, while the market is bearish because of geopolitical tensions.
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