Nissan Earnings Beat Estimates on More-Profitable Car Sales
Nissan maintained its forecast for operating profit of 250 billion yen this fiscal year.
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Nissan Motor Co. first-quarter earnings beat estimates as the Japanese automaker dealt with supply-chain snarls and surging raw material costs by focusing sales on more profitable models.
Operating profit was 64.9 billion yen ($479 million) in the three months ended June 30, the Yokohama-based company said in a statement Thursday. That topped analyst estimates of 48.9 billion yen, according to data compiled by Bloomberg. Sales rose to 2.14 trillion yen, compared with estimates of 2.02 trillion yen.