Enter multiple symbols separated by commas

Toyota posts earnings jump, hikes profit forecast

Getty Images

Toyota has hiked its full-year net profit by 13 percent, citing a weaker yen that makes its exports more profitable, the Japanese automaker said on Wednesday.

Toyota now expects net profit for the full year ending March 31, 2014 to come in at 1.67 trillion yen ($16.95 billion), up from a previous forecast of 1.48 trillion yen.

The forecast came as the company reported a first-half net profit of 1 trillion yen, up 82.5 percent from the year ago period.

Shares of Toyota rose 0.5 percent ahead of the earnings which came after the market close, on expectations that it would raise its guidance.

The automaker notched the biggest sales in the January-September period worldwide, beating General Motors and Volkswagen.

Contact Autos


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.