Nissan Earnings Beat Estimates on More-Profitable Car Sales
Nissan Motor Co. first-quarter earnings beat estimates as the Japanese automaker dealt with supply-chain snarls and surging raw material costs by focusing sales on more profitable models.
Operating profit was 64.9 billion yen ($479 million) in the three months ended June 30, the Yokohama-based company said in a statement Thursday. That topped analyst estimates of 48.9 billion yen. Sales rose to 2.14 trillion yen, compared with estimates of 2.02 trillion yen.