The Traderszone Network

Published in TZ Latest News 9 February, 2017 by The TZ Newswire Staff

Nissan Motor Earnings: Profit Down 15% on Higher Incentives and Stronger Yen

Nissan Motor Corporation (NASDAQOTH: NSANY) said on Feb. 9 that it generated 163.5 billion yen ($1.4 billion U.S.) in operating profit in the quarter ended Dec. 31, 2016, down 15.1% from a year ago. Revenue declined 2.2%, to 2.94 trillion yen ($25.3 billion U.S.). Here’s what investors need to know.

Like many other Japanese companies, Nissan’s fiscal year ends on March 31. The quarter that ended on December 31 was the third quarter of Nissan’s 2016 fiscal year. 

All financial results are shown in billions of yen.

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