Nissan Q1 profit down 10 pct as quake hits output

Newswire

YOKOHAMA, Japan, July 26 (Reuters) - Nissan Motor Co reported a 10 percent fall in quarterly operating profit on Wednesday as a shortage of parts after the March 11 earthquake peaked during the quarter and slashed vehicle production. Japan's second-biggest automaker posted an operating profit of 150.37 billion yen ($1.93 billion) for the April-June period, much better than the average 70 billion yen estimated by eight analysts, according to Thomson Reuters I/B/E/S. Net profit was 85.0 ...

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