Bridgestone Posts 45% Rise In Q2 Net Profit, Lifts Forecast

Bridgestone BRDCY reported a 45% surge in its second-quarter net profit. Bridgestone's quarterly net profit rose to Y33.0 billion, from Y22.7 billion, in the year-ago quarter. Its sales rose 1.1% to Y762.7 billion, versus Y754.7 billion. For the business year ending December, Bridgestone lifted its net profit forecast to Y172 billion, versus Y168 billion. It also lifted its operating profit view to Y287 billion, versus Y269 billion. Bridgestone now expects sales of Y3.130 trillion, versus its previous outlook of Y3.240 trillion. Bridgestone shares closed at $47.51 yesterday.