06:51 AM EDT, 08/01/2024 (MT Newswires) -- Toyota Motor ( TM ) reported fiscal Q1 earnings Thursday of 98.99 yen ($0.66), up from 96.74 yen a year earlier.

Three analysts polled by Capital IQ expected 89.89 yen.

Revenue for the quarter ended June 30 was 11.838 trillion yen, up from 10.547 trillion yen a year earlier.

Analysts surveyed by Capital IQ expected 11.536 trillion yen.

Toyota ( TM ) said it now expects fiscal 2025 earnings of 265.04 yen per share. That compares with its prior guidance of 264.95 yen. Analysts polled by Capital IQ expect 331.83 yen.

Revenue for the fiscal year is still projected to be 46 trillion yen, the company said. Analysts surveyed by Capital IQ expect 47.549 trillion yen.

The company's shares were down 7% in recent premarket activity on Thursday.

Price: 180.38, Change: -13.17, Percent Change: -6.80