Adds full-year forecast
TOKYO, August 4 (Reuters) – Toyota Motor Corp 7203.T reported on Wednesday a higher-than-expected first-quarter working revenue of 997.49 billion yen ($9.15 billion) as pandemic-hit gross sales rebounded and it weathered a worldwide chip provide scarcity higher than many rivals.
The working revenue at Japan’s greatest automaker for the three months ended June 30 was greater than a median estimate of 752 billion yen primarily based on 10 analysts polled by Refinitiv and nicely above 13.9 billion within the pandemic-hit first quarter a 12 months earlier.
Toyota maintained its full-year forecast for an working revenue of two.5 trillion yen for the present fiscal 12 months that it made in Might.
The outlook from the maker of the RAV4 SUV crossover and Prius hybrid autos trails a median forecast for a 2.88 trillion yen working revenue, in response to 24 analysts polled by Refinitiv.
($1 = 109.0500 yen)
(Reporting by Maki Shiraki in Tokyo and Norihiko Shirouzu in Beijing; Writing by Jamie Freed; Enhancing by Muralikumar Anantharaman)
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