Nissan Motor's third-quarter operating profit exceeded expectations, raising the full-year outlook

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Investing.com – Nissan Motor reported a third-quarter operating profit of 17.55 billion yen, significantly better than analysts’ expected loss of 61.79 billion yen.

Despite the positive operating performance, the Japanese automaker still recorded a net loss of 28.3 billion yen this quarter, but this figure also exceeded analysts’ previous forecast of an 81.44 billion yen loss.

The company has improved its full-year operating outlook, now expecting an operating loss of 60 billion yen for the fiscal year, a substantial improvement from the previous forecast of a 275 billion yen loss.

However, Nissan also revised its full-year net loss forecast to 650 billion yen, a figure significantly higher than the analysts’ estimate of a 296.24 billion yen loss.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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