( ) -q-25- UNDATED (Correspondent Jeremy House) “187-million dollars.” Nissan has lowered its full fiscal year outlook. [CutID: <Cuts> NISSAN-PROFIT-house-q-THUam.mp3 Time: 25s Title: NISSAN-PROFIT-house-q-THUam Out-cue: 187-million dollars] TAG: Correspondent Jeremy House reporting. Nissan shares fell 7% in Tokyo on Thursday. Such challenges came despite global vehicle sales holding steady at 787,000, according to Nissan. Quarterly […]
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Nissan lowers its profit forecast amid incentive, inventory woes
( ) -q-25- UNDATED (Correspondent Jeremy House) “187-million dollars.”
Nissan has lowered its full fiscal year outlook.
[CutID: <Cuts> NISSAN-PROFIT-house-q-THUam.mp3
Time: 25s
Title: NISSAN-PROFIT-house-q-THUam
Out-cue: 187-million dollars]
TAG: Correspondent Jeremy House reporting. Nissan shares fell 7% in Tokyo on Thursday. Such challenges came despite global vehicle sales holding steady at 787,000, according to Nissan. Quarterly sales edged up 3%. The need to optimize inventory also chipped away at profitability.
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VERBATIM: The action comes after the Japanese automaker reported a 73% decline in profit in the April-to-June quarter compared to the previous year. Chief Executive Makoto Uchida called the results “very challenging,” blaming sales incentives and marketing expenses amid intense competition, especially in the U.S. market. Nissan’s fiscal first quarter profit declined to $187 million.