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Nissan Posts Upbeat Q1 Profit

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Nissan Motor Co (OTC: NSANY) reported a 14% gain in its April-June quarter.

Nissan's quarterly net profit surged to 82.02 billion yen ($819 million), beating analysts' estimates of 63.8 billion yen.

Nissan's China sales declined 15% to 284,000 vehicles, while total sales dropped 1% to 308,000 vehicles.

Nissan shares closed at $22.33 yesterday.

Posted-In: profitEarnings News

 

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