Toyota Raises Forecast After Quarterly Profit up on Weak Yen

February 4, 2015 7:20 AM

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Toyota Motor Corp., the world's No. 1 automaker, raised its earnings forecast Wednesday after third quarter profit jumped 14 percent, boosted by a weak yen.

Toyota reported a better-than-expected 600 billion yen ($5.1 billion) profit for the three months through December. Quarterly sales of 7.17 trillion yen ($61 billion) were up 9 percent year-on-year.

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