Bridgestone ups earnings outlook on yen, cost cuts

Newswire

TOKYO, June 25 (Reuters) - Bridgestone Corp , Japan's largest tyre maker, lifted its operating profit forecast for 2009 by 24 percent on Thursday, saying the yen is less strong than it expected. The upgraded outlook also reflects improved prospects for demand in Japan and Europe in the second half of the year, deeper-than-targeted cost cuts and falls in materials prices, a Bridgestone spokesman said. The company raised its full-year assumed rates for the dollar to 95 yen from 85 yen and ...

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