Mazda Motor Projects To Report Profit This Year - Mazda Motor (OTC:MZDAF)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Mazda Motor Corp (OTC: MZDAF) projects to swing to profit this fiscal year.Mazda Motor expects a net profit of Y1 billion in the current fiscal year, versus a Y60.04 billion net loss, in the previous fiscal year. Analysts expected a profit of Y620 million. The company projects sales to drop 5.8% to Y2.190 trillion from Y2.326 trillion. It projects operating profit to fall 16% to Y20.00 billion from Y23.84 billion.Mazda Motor shares dropped 0.85% to close at $2.32 yesterday.Read more from Benzinga's Company news.

20-Year Pro Trader Reveals His "MoneyLine"

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!