Toyota Motor, the world's second- largest automaker, reported today the biggest profit decline in seven quarters due to high raw material prices.

 

Profit fell 17% to 291 billion yen ($2.75 billion) in the three months ended March, from 351 billion yen last year. Analysts were expecting 302 billion yen.

 

Revenue rose 4.2% to 4.88 trillion yen.

 

Market share in the U.S. rose 1.1%, the largest gain in eight years.