Nissan joins rivals in cutting annual forecasts

Newswire

TOKYO, Oct 31 (Reuters) - Nissan Motor Co on Friday halved its full-year profit forecast in the face of a rising yen, sinking demand in the key U.S. market and a broad-based slowdown in the coming quarters. For the year to March 31, Japan's No.3 automaker expects operating profit of 270 billion yen ($2.74 billion) instead of a previous forecast of 550 billion yen. That compares to a forecast of 435 billion yen from a poll of 12 brokerages by Reuters Estimates. It marks the third time in ...

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