Subaru profit climbs 48% on strong crossover sales in first quarter

Filed under: Earnings/Financials,Subaru
https://o.aolcdn.com/images/dims3/GL...ster-xt-fd.jpg Subaru Corp reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States. The smallest of Japan's major automakers posted an operating income of 92.2 billion yen ($870 million) for April-June, versus 62.1 billion yen a year earlier and an average estimate of 65.6 billion yen from eight analysts polled by Refinitiv. Sales in the United States, by far Subaru's biggest market, rose 20%.Continue reading Subaru profit climbs 48% on strong crossover sales in first quarter
Subaru profit climbs 48% on strong crossover sales in first quarter originally appeared on Autoblog on Mon, 5 Aug 2019 08:18:00 EDT. Please see our terms for use of feeds.
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