Nissan Motor Co. (7201), Japan’s second-biggest carmaker, reported profit that beat analysts’ estimate as deliveries rose in China and the U.S., its two biggest markets.
Net income rose 37 percent to 112.1 billion yen ($1.1 billion) in the April-June quarter, beating the 84.3 billion yen average of 14 analyst estimates compiled by Bloomberg. The Yokohama-based automaker maintained its profit forecast.
The profit increase may signal Chief Executive Officer Carlos Ghosn is gaining traction after making dozens of executive changes in November to improve execution and cut incentives in the U.S. Deliveries have outpaced Honda Motor Co. and Toyota Motor Corp. (7203) in the U.S. and China this year, as Nissan chases its targets of 8 percent operating margin and global market share.
Read Full Article HERE
Ma Jie and Yuki Hagiwara, Bloomberg News via CHINA US Focus http://ift.tt/1lN6kTU
No comments:
Post a Comment