Nissan Q1 falls sharply but avoids loss; keep forecasts

Newswire

TOKYO, July 29 (Reuters) - Nissan Motor Co posted an 86 percent fall in quarterly operating profits, hit by a stronger yen and declining car sales, and kept its forecasts for an annual loss unchanged as a lack of hybrid cars overshadowed solid sales in China. Japan's No.3 automaker reported an operating profit of 11.6 billion yen ($122.9 million) in April-June, down from a profit of 80 billion yen a year earlier but beating a consensus loss estimate of 117 billion yen in a poll of four ...

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