TOKYO -- Toyota Motor Corp. Wednesday posted a 77% drop in net profit in the January-March quarter. Its January-March operating profit was ¥46.1 billion, falling short of analysts' average estimate of ¥94.6 billion, according to Thomson Reuters. Toyota didn't issue a full-year earnings outlook as it continued to assess the impact of the March 11 earthquake, which interrupted its production. It said in a statement that its production is expected to normalize in stages, starting in June, on global basis, rather than starting in July in Japan and in August outside Japan as it had announced last month.
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