Toyota results beat estimates

Toyota Motor Corp posted its largest quarterly operating profit in four years and raised its 2012 global sales target on the strength of demand for cars like the Camry and Prius in key markets such as the United States and Japan.

The worlds top automaker reported an operating profit of 353 billion yen 4.51 billion,from a loss a year ago,a better-than-expected result that underscored its rebound from the natural disasters that blighted 2011. Toyota,said it now expects to sell 9.76 million cars and light trucks globally in 2012,up almost 2 per cent from its previous forecast.