By Naoko Fujimura
Aug. 7 (Bloomberg) -- Toyota Motor Corp., the world's second-largest carmaker, reported the biggest drop in profit in five years as U.S. sales of sport-utility vehicles and trucks plunged.
Net income fell 28 percent to 353.7 billion yen ($3.2 billion), or 112.28 yen a share, in the three months ended June from 491.5 billion yen, or 153.89 yen, a year earlier, the company said in a statement today. Sales declined 4.7 percent to 6.22 trillion yen. The result was better than the 329 billion yen median estimate by five analysts compiled by Bloomberg. ...Read More
