TOKYO (Reuters) -Toyota Motor reported a more than doubling of second-quarter profit on Wednesday, helped by a weak yen currency and strong sales, and raised its full-year forecast by 50%.
The world’s top-selling automaker said operating profit for the three months to the end of September rose 155.6% from a year earlier to 1.44 trillion yen ($9.52 billion).
The results compared to an average 1.08 trillion yen profit estimate in a poll of 10 analysts by LSEG and a profit of 562.8 billion yen in the same period last year.
The Japanese automaker lifted its full-year profit forecast by 50% to 4.5 trillion yen from 3 trillion yen. That compares to analysts’ average forecast of 4.0 trillion yen.
Toyota shares, which were up 4.4% just before the release of the earnings, jumped immediately after and were up 6.1% at 2748 yen by 0500 GMT.
($1 = 151.2900 yen)
(Reporting by Daniel Leussink; Editing by David Dolan)
