Nissan Q3 Net Profit Down 35%

Nissan Motor Co (OTC: NSANY) reported a decline in its third-quarter net profit.

Nissan's quarterly net profit dropped 35% to Y54.1 billion ($582 million), from Y82.7 billion, in the year-ago quarter. However, analysts were expecting a profit of Y59.9 billion.

Its sales declined 5.3% to Y2.208 trillion from Y2.331 trillion.

Nissan shares closed at $21.10 yesterday.

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