#ProfitForecast
Dismal Earnings Reports Lands, Nissan Cuts Profit Forecast Again
Nissan has handed in its third-quarter 2019 earnings report, and the grades are bad. Missing analyst expectations, the automaker’s operating profit fell 83 percent in the first 9 months of the fiscal year, with revenues down 12.5 percent. That leaves Nissan with an operating margin of 0.7 percent — down three percentage points from this time last year.
Operating profit in Q3 (October-December) was $210 million.
As the automaker attempts to triage its way out of a financial hole that deepened rapidly in early 2019, Nissan has again pared back its full-year profit forecast.
Steph Willems
Feb 13, 2020
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