Business1 min read

Toyota second-quarter profit seen climbing 18%, first increase in six quarters

By · Via Investing.com Markets · Published by Everything Blog

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.
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