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Third quarter shows lower profits for Nissan Motor Co

Nissan Motor Co logo in a showroom. Photograph: (Reuters)

Reuters Tokyo, Japan Feb 09, 2017, 09.01 AM (IST)

Japanese automaker Nissan Motor Co reached lower-than-expected operating profits for the third quarter.

The company's domestic sales are suffering because of higher marketing and selling expenses. Currency effects also played a central role.

Nissan Motor Co is Japan's second-largest automaker and from October to December 2016 it posted an operating profit of 1.46 billion USD, 267 million USD lower than a year ago when it touched 1.7 billion USD.

The third quarter profit is also lower than a median forecast of 1.5 billion USD that none analysts polled by Thomson Reuters I/B/E/S. 

Nissan left its full-year net profit forecast unchanged at 4.6 billion USD, while it maintained its expectations for operating profit at 6.3 billion USD.

(WION with inputs from Reuters)

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