Japan's Nissan Motor second-quarter profit falls 21 percent as U.S. sales weigh [Reuters]
Toyota Motor Corporation (TM)
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Source: Reuters
Japan's Nissan Motor second-quarter profit falls 21 percent as U.S. sales weigh | Reuters 4 Min Read YOKOHAMA (Reuters) - Nissan Motor Co Ltd ( 7201.T ) on Thursday posted a 21 percent fall in second-quarter operating profit, undershooting analyst estimates, as the automaker continues to struggle with lower U.S. sales and a strong yen, even as sales grow in China. Profit at Japan’s second-largest automaker was 101.2 billion yen ($890.30 million) for the July-September period, lower than a 130.1 billion yen median of nine analyst estimates compiled by Refinitiv and its worst second-quarter performance since 2008. Profit was also hit by a fall in emerging-market currencies, but Nissan kept its full-year forecast at 540 billion yen, a decline of 6 percent, based on an assumption that the U.S. dollar will average around 105 yen through March. Nissan posted an 8.4 percent slide in vehicle sales in North America during the quarter, but operating profit in the region rose 12.5 percent as t
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