Nissan Cuts Annual Working Loss Estimate To 340 Billion Yen

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TOKYO: Nissan Motor Co Ltd revised its full-year forecast to an working lack of 340 billion yen ($3.23 billion) from a earlier prediction for a document 470 billion yen loss.

That compares with a Refinitiv consensus estimate of a 335 billion yen loss from 23 analysts.

Japan’s third-largest automaker, which is drastically restructuring its enterprise, posted a 4.83 billion yen working loss within the three months ended Sept. 30 after gross sales fell because of the coronavirus pandemic.

That’s lower than a mean estimate of a 80.6 billion yen working loss from a Refinitiv ballot of 5 analysts and compares with a 30 billion yen revenue for a similar interval a yr earlier.

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