YOKOHAMA, Japan, (Reuters) – Japan’s Nissan posted a 78% fall in third-quarter operating profit to 31.1 billion yen ($201.84 million) on Thursday, missing analysts’ estimates, and cut its annual outlook for the third time.
The result compared with an average estimate of 63.2 billion yen in a poll of eight analysts by LSEG and a 141.6 billion yen profit in the same period a year earlier.
The automaker lowered its operating profit forecast by 20% to 120 billion from 150 billion yen for the current financial year.
($1 = 154.0800 yen)
Reporting by Daniel Leussink; Editing
