Toyota&#39;s 2nd-Qtr Profit Shrinks on Truck Unit&#39;s Slump
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as investment earnings at its truck making unit fell and a stronger yen cut the value of overseas sales.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO: Quote, Profile, Research) as its regional aircraft business lagged a rebound
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Toyota Motor Corp. (7203.T) posted a  near-20 percent rise in quarterly profit on Tuesday on brisk  sales in North America and Europe, but kept its full-year  forecasts unchanged -- though still on course for an eighth  straight year of record earnings.
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TOKYO -- Toyota, hot on the heels of General Motors to become the world's No. 1 automaker, reported a 7.3 percent jump in quarterly profit Tuesday on booming sales in North America and Europe that offset sluggish demand in Japan.
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Profits plummet in the second quarter, but the retailer looks to a brighter tomorrow.
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Yahoo, struggling to compete with Google on search and advertising and to adapt to recent changes in management, said yesterday that second-quarter profit dropped 2.3 percent.
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General Motors Corp. narrowed the  gap with top seller Toyota Motor Corp. in the first half of  2007 thanks to a solid second quarter, although demand  continued to fall in its home North American market.
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City analysts were slashing their forecasts for profits at J Sainsbury yesterday after the struggling supermarket group admitted its first-half profits would be two thirds lower than last year&#39;s.
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Nissan Motor Co. , Japan's third-largest automaker, posted a 3.2 percent drop in quarterly operating profit as a worsening product mix favoring smaller, cheaper cars hit margins, and kept its full-year forecasts unchanged despite the weaker yen.
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Toyota Motor Corp., Japan&#39;s biggest automaker, reported earnings slipped in the second fiscal quarter but posted a record profit for the first fiscal half as sales growth in North America, Europe and Japan offset losses from an unfavorable exchange rate.
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The power company said fourth-quarter profit fell to $271 million, hurt by discontinued operations and higher plant maintenance costs.
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Ford Motor Co.  dropped from  second to fourth in the U.S. auto market in November as its  sales slid by 10 percent, while Toyota Motor Corp.'s (7203.T)  sales surged 16 percent to put it in the No. 2 spot.
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Toyota reported a profit of $2.8 billion for the July-September quarter, down 1 percent from $2.836 billion a year ago. The auto maker recorded group net profit of $5.
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AUSTIN Shares in Allied Waste Industries fell today after the waste hauler cut its 2004 profit outlook for the second time in as many months.
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The largest U.S. retailer of used cars posted a lower quarterly profit and cut its outlook for the year, hurt by increased funding costs related to its auto finance unit.
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Ford Motor Co.  dropped from second to fourth in U.S. auto sales in November as they slid a steeper-than-expected 10 percent, while Toyota Motor Corp.'s  sales surged 16 percent to put it in the No. 2 spot.