Toyota Motor Corporation (NYSE:TM) stock rose Friday after the automaker outlined a management overhaul and posted better-than-expected quarterly results.
Toyota said it will revamp its leadership structure starting April 1, 2026.
Quarterly Earnings Beat
The company reported third-quarter earnings of $6.26 per share, beating analysts’ expectations of about $3.80 per share.
Toyota also posted quarterly revenue of $87.362 billion, topping the estimate of $83.780 billion.
Toyota raised its full-year forecast for fiscal 2026, with operating income now expected to reach 3.8 trillion yen, up from the previous forecast of 3.4 trillion yen, though still down 1.0 trillion yen from fiscal 2025 results. Sales revenue is …