Toyota (TM) Breezes Past Q3 Earnings Estimates, Lifts FY24 View

Toyota (TM) posted third-quarter fiscal 2024 earnings of $6.81 per share, surpassing the Zacks Consensus Estimate of $3.66 and surging from the year-ago earnings of $3.78 a share. Consolidated revenues came in at $81.5 billion, beating the consensus mark of $73.7 billion and rising from $69.16 billion in the year-ago quarter.  Toyota — currently carrying a Zacks Rank #3 (Hold) — had cash and cash equivalents of ¥7.58 trillion ($53.77 billion) as of Dec 31, 2023. Long-term debt was ¥19.25 trillion ($136.6 bi ...