Nissan Q3 profit falls 15%

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Nissan Q3 profit falls 15%

Source: CNTV.CN
[16:21 February 10 2011]
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Nissan Motors, posted a 15 percent fall in operating profit for the third quarter, a drop, but the smallest one among the country's top 3 car makers.

Japan's number two auto maker also joined rivals Toyota and Honda in raising its full-year profit outlook, upping guidance by 10 percent to 535 billion yen. This is slightly lower than a forecast of 550 billion yen in operating profit, from top-ranked analysts for the year ending March 31.

Nissan's sales in the quarter were helped by a slew of new models that boosted growth in key markets. That includes China, where it sold over a million cars last year, and the US Shares of Nissan closed today's trading session , up 2 and a half percent.