Nissan beats 2Q expectations with $1.3b profit - Autoblog (blog)
Nissan reported its Q1 financial results through the April-June period, and Bloomberg reports that the Japanese automaker beat analyst expectations. The outlet averaged income estimates provided by 11 analysts to come up with a figure of 130. 2 billion yen ($1. 3 billion), while Reuters' analyst survey returned a estimate of 163 billion yen ($1. 6 billion) in operating profit. Nissan easily beat them both with 152. 8 billion in net income and 193. 7 billion in operating profit. June sales grew 13 percent, helping propel a 4. 5-percent increase for the year so far and the best first-half calendar-year sales Nissan has had in ten years. Higher incentives have helped, as well as superheated Nissan Rogue sales. Nissan reports net income of $1. 3 billion for first quarter of FY2015. Results for three months to June 30, 2015 (TSE report basis – China JV equity basis)*. 6 billion) - +17. 6%. Operating profit - ¥193. 7 billion ($1. 6 billion/€1. 4 billion) - +58. 0%. Ordinary profit - ¥215. 9 billion ($1. 8 billion/€1. 6 billion) - +45. 2%. Net income** - ¥152. 8 billion ($1. 3 billion/€1. Source: www.autoblog.com
