Shares of Toyota could rise significantly in the coming days following the announcement of record earnings, according to Bloomberg. Shares of Toyota, which have gained 61 percent in the last 12 months, rose 6.7 percent yesterday. This year, profit may exceed last year’s 1.17 trillion yen ($9.9 billion) and sales my also beat 18.55 trillion yen, Toyota Senior Managing Director Takeshi Suzuki said yesterday. Toyota on Monday reported that third-quarter profit rose 34 percent to a record 397.6 billion yen, thanks in part to increased sales of fuel-efficient cars in the U.S. and Asia. Sales gained 15 percent in the quarter to 5.3 trillion yen.
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