Japan’s Nissan Posts 6% Q3 Profit Rise, Falls Short of Analysts’ Estimates
Nissan’s Third-Quarter Operating Profit Surges, but Misses Projections
Japan’s Nissan Motor reported a 6.4% increase in third-quarter operating profit to 141.6 billion yen ($951.80 million) on Thursday. However, the figure fell short of analysts’ estimates, raising concerns about the company’s performance.
Analysts’ Estimates vs. Actual Results
The operating profit of 141.6 billion yen missed the average estimate of 179.8 billion yen in a poll of nine analysts by LSEG. This result is a significant deviation from the expected performance, indicating potential challenges for the company in the current market.
Maintained Annual Outlook
Despite the lower-than-expected operating profit, Nissan has decided to maintain its annual outlook. This strategic move reflects the company’s confidence in its ability to navigate through the challenges and achieve its projected targets.
Operating Profit Forecast
Nissan has retained its operating profit forecast of 620 billion yen for the current financial year. This decision underscores the company’s commitment to its goals and its determination to overcome any obstacles that may arise in the coming months.
TOKYO (Reuters) – Japan’s Nissan (OTC:) Motor posted on Thursday a 6.4% rise in third-quarter operating profit to 141.6 billion yen ($951.80 million), missing analysts’ estimates, and maintained its annual outlook.
The result compared with an average estimate of 179.8 billion yen in a poll of nine analysts by LSEG and a 133.1 billion yen in the same period a year earlier.
The automaker maintained its operating profit forecast of 620 billion yen for the current financial year.
($1 = 148.7700 yen)
