Toyota Tumbles Even as Q1 Results Beat on Weak Yen, Hybrid Sales

KEY TAKEAWAYSToyota Motor American depositary receipts (ADRs) fell Thursday even though the automaker posted better-than-expected first-quarter results on a weak yen and strong hybrid vehicle sales.The Japanese company said its Q1 net profit rose 1.7% year-over-year to 1.33 trillion yen ($8.83 billion), while revenue increased 12$78.62 billion). The yen has been rising for weeks, which may weigh on overseas sales. Toyota Motor (TM) American depositary receipts (ADRs) fell Thursday even ...