Bridgestone Posts Surge In Q2 Profit, Lifts Forecast

Bridgestone BRDCY reported a strong rise in its net profit for the fiscal second quarter. For the current fiscal year, Bridgestone lifted its net profit forecast by 4.7% to Y246 billion. Bridgestone's quarterly net profit surged to Y73.9 billion, from Y33.0 billion, in the year-ago period. Its operating profit rose to Y115.9 billion from Y70.7 billion, while sales climbed to Y910.6 billion from Y726.7 billion. Bridgestone shares closed at $69.67 yesterday.