Toyotas Sales Soar Outside Asia
American depositary receipts of Toyota rose $ 1.10, to $108.10, on Friday after the Japanese carmaker reported that net income jumped 39% in its fiscal first quarter on strong sales in Europe and North America
Toyota Motor (nyse: TM - news - people )reported sales of 5.64 trillion yen ($49 billion), an increase of 13.2% year-over-year. The company earned 371.5 billion yen ($3.2 billion), or 115.6 yen ($1.01) per ADR. That was up from 266.9 billion yen ($2.3 billion), or 81.79 yen (7 cents) per share, a year ago.
Sales were particularly strong outside of Asia, growing 16% in North America, 20% in Europe and 31% in the Middle East year-over-year. Sales fell 1% in Japan and 16% in Asia overall.
More : forbes.com
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