Toyota quarterly profit quadruples to $1.2 billion

Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars, especially in the key U.S. market, after massive recalls.

Toyota reported July-September profit of 98.7 billion yen ($1.2 billion) today, up dramatically from 21.8 billion yen profit a year earlier but lower than analysts expected. Quarterly sales rose 5.8 percent to 4.807 trillion yen ($59.5 billion).