TOKYO, Nov 9 (Reuters) – Nissan Motor more than doubled its operating profit in the July-September quarter, beating analysts’ estimates.
The company reported a 127% increase in operating profit for the July-September period, to 208.1 billion yen (1.29 billion euros).
Analysts were expecting a profit of 155.9 billion yen according to a consensus of 10 analysts by LSEG.
Separately, Renault said on Thursday that Nissan’s contribution to its own results was estimated at 654 million euros in the third quarter.
The French manufacturer announced on Wednesday that it had reduced its stake in Nissan to 15% as part of the finalization of its new partnership agreement with the Japanese group. (Reporting Daniel Leussink; French version Kate Entringer)
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