Toyota second-quarter profit seen climbing 18%, first increase in six quarters
In short
Projections indicate that the automaker will post an 18% rise in second-quarter profit. This expected increase represents the company's first positive quarter-on-quarter growth in six quarters. Financial analysts anticipate this milestone will effectively end the company's five consecutive quarters of earnings contractions.
Key points
- An upcoming earnings rebound will break a five-quarter streak of declining profits.: An upcoming earnings rebound will break a five-quarter streak of declining profits.
- The automotive company is projected to achieve double-digit quarterly profit expansion.: The automotive company is projected to achieve double-digit quarterly profit expansion.
- Financial estimates point to a reversal in the firm's recent multi-quarter profit slump.: Financial estimates point to a reversal in the firm's recent multi-quarter profit slump.