Toyota Stock Slides On Q2 Earnings: The Details

Toyota Motor Corporation (NYSE:TM) reported second-quarter financial results before the market open on Wednesday. Here’s a rundown of the report.

What Happened: Toyota reported second-quarter sales of 11.44 trillion yen ($76.29 billion), beating analyst estimates of 11.41 trillion yen. The company reported operating income of 1.15 trillion yen.

The second quarter marked Toyota’s first quarterly profit drop in two years, per Reuters.

Sales volumes were down 20% year-over-year. The automaker reported 2.3 million vehicle ...