Toyota Shares Decline 3 Percent Amid Lower First-Quarter Profit

Toyota Shares Decline 3 Percent Amid Lower First-Quarter Profit
A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, on Mar. 5, 2019. Pierre Albouy/Reuters
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Toyota shares dropped 3 percent on Thursday after the Japanese carmaker reported a fall in operating profit for the quarter ended June, which fell short of expectations.

Operating profit plunged 42 percent, to ¥578.66 billion ($4.3 billion) in the quarter ended June, compared with ¥997.4 billion ($7.5 billion) in the year-ago period, Toyota said in its quarterly financial statement on Thursday.

Aldgra Fredly
Aldgra Fredly
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Aldgra Fredly is a freelance writer covering U.S. and Asia Pacific news for The Epoch Times.
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