Hugo Boss' on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn't reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading.

German luxury fashion brand Hugo Boss on Tuesday reported earnings before taxes of €78 million ($84.9 million) for the third quarter, a €10 million drop compared to a year earlier. Net income declined to €55 million or €0.

Toyota Motor posted its first quarterly profit drop in two years on Wednesday, as slowing sales and production volume stalled the Japanese automaker's recent record run. Toyota's operating profit for the three months to end-September totalled 1.

Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year.