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Nissan posts first quarterly profit in two years despite lower sales outlook
['Jaelyn Campbell', 'Jason Becknell']
CBT News
The automaker lowered its global sales forecast, signaling demand challenges remain.
Nissan has reported its first quarterly net profit in two years, posting ¥3.76 billion ($23.9 million) for the fiscal first quarter.
The automaker exceeded analyst expectations and has maintained its full-year earnings forecast, despite lowering its global sales outlook.
Net profit reached roughly $23.9 million (¥3.76 billion), a considerable turnaround from a loss of about $735.8 million (¥115.76 billion) a year earlier.
Nissan has revised its global sales projection to 3.15 million vehicles, down from the previous estimate of 3.30 million.