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Toyota Motor Corporation

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Toyota’s third-quarter fiscal 2016 net income missed the Zacks Consensus Estimate. Consolidated revenues improved year over year but fell short of the Zacks Consensus Estimate. Toyota expects its earnings, operating income and revenues to increase in fiscal 2016. While weak vehicle sales in Japan, a string of product recalls and large fines are some headwinds, the company’s focus on product development, capacity increases and expansion in emerging markets are positives.

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