Toshiba More Than Doubles Profit Outlook as Yen Drives Sales

Updated on
  • The company’s shares climb as much as 4.7% in Tokyo trading
  • Toshiba leaves full-year profit and sales outlook unchanged

Toshiba Corp. raised its forecast for first-half operating profit to 70 billion yen ($696 million) from 30 billion yen, crediting growth in storage and electronic devices for a more than doubling of its earnings outlook.

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