Nissan Raises Profit Forecast, Beats Toyota in Recovery
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Nissan Motor Co., Japan’s second-biggest automaker, raised its profit forecast as it recovered faster than Toyota Motor Corp. and Honda Motor Co. from the country’s record earthquake in March.
Net income will be 290 billion yen ($3.7 billion) in the year ending March 31, or 7.4 percent higher than its earlier forecast, the Yokohama-based company said in a statement today. Second-quarter profit exceeded analysts’ estimates.