Toyota Forecasts Profit Shortfall Of 30% For Year

Toyota Motor Corp. forecast full-year profit that fell short of estimates as declining sales from a loss in output and a stronger yen eroded earnings.

Net income may decline to 280 billion yen ($3.5 billion) in the 12 months ending in March, from 408 billion yen a year earlier, Toyota said in a statement Friday.

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uaw_lax - 6/11/2011 4:01:40 AM

+1 Boost

Whats the correlation to the trade deficit?