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Earnings Analysis: 
Toyota Sales Drop28.4%, Net Loss
Author: Mayank Mehta
123jump.com
Last Update: 10:58 AM ET February 06 2009


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Toyota Motor Corporation the largest automaker in the world reported third quarter sales plunged 28.4% to ¥4.8 trillion and net loss was ¥164.7 billion or ¥52.49 a share.

 
6:00PM Tokyo, Japan – Toyota Motor Corporation sales plunged 28.4% and net loss was ¥164.7 billion.

Toyota Motor Corporation, the world''s largest automaker said third quarter sales plunged 28.4% to ¥4.8 trillion from ¥6.7 trillion a year earlier. Net loss in the quarter was ¥164.7 billion or ¥52.49 per diluted share compared to net profit of ¥458.6 billion or ¥144.43 per share a year earlier.

Toyota Motor Corporation, (TM: chart) in the last one year traded as high as $117.59 in February 2008 and as low as $55.41 in December 2008. Based on the yesterday’s closing price of $68.81 the company has market cap of $107.87 billion.
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