TOKYO, Nov 7 (Reuters) Toyota Motor Corp. <7203.T>, the world's most profitable car maker, reported a 2.7 percent rise in quarterly operating profit fuelled by a weaker yen, sales rise and cost cuts, and it lifted its full-year forecasts after stronger-than-expected results so far.
Please double click on [ID:nT7D0C9TGK] for a table of the results, [ID:nT7CK3SMZ5] for the forecasts and [ID:nSP340426] for an accompanying story.
Following are initial reactions of analysts and investors: TOMOMI YAMASHITA, FUND MANAGER, SHINKIN ASSET MANAGEMENT CO LTD ''The earnings numbers are not bad. The share buyback plan is also positive. The stock is unlikely to fall on these results.
''But the impact of the high yen is a worry and Toyota shares are not doing well due to concern about the outlook for the U.S.
economy. The United States is where Toyota has generated hefty profits and is currently facing negative problems.'' MARKET ACTION: Toyota shares closed up 0.8 percent at 6,440 yen ahead of the results announcement.
REUTERS BJR RN1151