
Toyota’s first quarter earnings falls due to supply difficulties and rising prices
Due to supply constraints and rising expenditures, Toyota Motor Corporation’s first-quarter profitability decreased by 42 percent, which was worse than anticipated.
Due to supply constraints and rising expenditures, Toyota Motor Corporation’s first-quarter profitability decreased by 42 percent, which was worse than anticipated.
Thursday was a rough day for Asian markets, but they ended higher as investors took cues from positive U.S. data and outcomes and as concerns about Nancy Pelosi’s visit to Taiwan faded.
Rolls-Royce (OTC:RYCEY) said Thursday it is managing with rising prices and supply chain interruptions. A rise in its constricted profit margin in the second half will keep it on track to meet its targets.
Nintendo Co Ltd (TYO:7974) sold 22% fewer Switch devices in the April-June quarter than in the same time last year. The company still expects to sell 21 million consoles in the year through March 31, 2023.
Higher interest rates and commission revenue boosted Commerzbank’s (ETR:CBKG) second-quarter net earnings. Despite “clouds,” the bank stated it would reach its earnings objective.