Market Overview

Nissan Q3 Net Profit Down 35%

Share:
Related NSANY
Nissan US Sales Rise 6.9% In December
Kelley Blue Book Senior Analyst Says Auto Sector Is On Pace To See 1.3M Total Sales For November
Fuel Economy Standards Present Major Headwind To Auto Manufacturers (Seeking Alpha)

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.

Posted-In: profitEarnings News

 

Related Articles (NSANY)

Around the Web, We're Loving...

Get Benzinga's Newsletters