Nissan Motor Co Ltd NSANY reported a 20% drop in its net profit for the fiscal first quarter.
Nissan posted its quarterly net profit at Y85.02 billion, down from Y106.65 billion, in the year-ago period. Analysts were expecting a net profit of Y41.95 billion. Its sales climbed 1.6% y/y to Y2.082 trillion from Y2.050 trillion. Its global vehicle sales surged 11% to 1.056 million vehicles.
Nissan's operating profit fell 10% y/y to Y150.37 billion from Y167.91 billion.
Nissan shares gained 0.92% to close at $21.93 yesterday.
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