Toyota Stock Rises After Earnings Top Tesla’s. It Has Nothing to Do With Cars. - Barron's

1. Toyota's Q3 earnings of $1.07/share surpassed Wall Street's expectations. 2. Car sales fell 4%, but hybrid sales rose to 50% of vehicle sales. 3. Full-year operating profit guidance increased to $31 billion, aided by forex gains. 4. Toyota's valuation remains higher than U.S. automakers amidst tariff concerns. 5. Adversely, Toyota's ADRs have dropped 8% over the past year despite strong performance.