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Old 11-12-2019, 06:57 AM   #1
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Default Nissan cuts forecast after quarterly profit plunges 70%

Filed under: Earnings/Financials,Nissan
Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn. The latest weak showing from Nissan, which also slashed its interim dividend by 65% after its worst second-quarter performance in 15 years, illustrates the scale of the work ahead for its new executive team, which is due to take over on Dec. 1. FollowinContinue reading Nissan cuts forecast after quarterly profit plunges 70%
Nissan cuts forecast after quarterly profit plunges 70% originally appeared on Autoblog on Tue, 12 Nov 2019 08:57:00 EST. Please see our terms for use of feeds.


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