Nissan Motor Swings To Profit In Fiscal Fourth Quarter

Nissan Motor Co NSANY swung to a fiscal fourth-quarter profit, from a loss in the year-ago period. The company reported stronger-than-expected FQ4 profit. The company reported a quarterly net profit at Y30.8 billion, versus a net loss of Y11.6 billion, in the year-earlier period. However, analysts were expecting a profit of Y24.39 billion. The company's sales increased 10% to Y2.351 trillion from Y2.138 trillion. Its operating profit climbed 7.2% to Y88.6 billion from Y82.7 billion. NSANY shares fell 0.52% to $19.06 in after-hours trading. Read more from Benzinga's Company news.