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Nissan posts 6% Q3 profit rise, missing estimates

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© Reuters. The logo of Nissan Motor Corp. is displayed the company’s showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato

TOKYO (Reuters) – Japan’s Nissan (OTC:) Motor posted on Thursday a 6.4% rise in third-quarter operating profit to 141.6 billion yen ($951.80 million), missing analysts’ estimates, and maintained its annual outlook.

The result compared with an average estimate of 179.8 billion yen in a poll of nine analysts by LSEG and a 133.1 billion yen in the same period a year earlier.

The automaker maintained its operating profit forecast of 620 billion yen for the current financial year.

($1 = 148.7700 yen)

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