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Subaru updates FY'20 EPS forecast

Subaru Corp. on Aug. 5 slightly raised its basic EPS guidance for fiscal 2020 after reporting first-quarter results that beat analysts' expectations.

The Tokyo-based automaker now expects basic EPS for the year to be ¥273.88 compared with the previous guidance of ¥273.68.

For the first quarter ended June 30, the company's basic EPS came in at ¥86.67, beating the S&P Global Market Intelligence GAAP EPS estimate of ¥72.24.

Operating profit also jumped 48.4% year over year to ¥92.21 billion for the three-month period, while revenue totaled ¥833.42 billion, up 16% year over year.

As of Aug. 2, US$1 was equivalent to ¥106.67.