Nissan Drops Most in Two Months as Profit Outlook Falls Short
- Company forecast 250 billion yen profit for this fiscal year
- Japanese automaker posted first annual profit in three years
A Nissan Motors Co. dealership in Yokohama, Japan.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Nissan Motor Co. fell the most in two months after issuing a lower-than-projected operating profit forecast for this fiscal year through March 2023.
The automaker’s stock fell as much as 6.3% in early trading in Tokyo on Friday, before paring the loss to about 3%. The shares are down 12% this year.