Toyota Motor Corporation (NYSE: TM) said on Aug. 4 that it earned 574.29 billion yen ($5.18 billion) in operating profit in the quarter that ended on June 30.
That was down 11% from its operating result a year ago. But it was higher than expected, leading Toyota to raise its full-year profit forecast. Analysts polled by Thomson Reuters had expected Toyota’s operating profit to come in at 538.3 billion yen.