Nissan Motor Co. reported a 70 percent profit tumble on Tuesday and cut its full-year outlook to an 11-year low as the automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman Carlos Ghosn.
Operating profit at Japan's second-biggest automaker by sales came in at ¥30 billion ($274.98 million) during the July-September period versus ¥101.2 billion a year earlier.
That compared with a mean forecast of ¥47.48 billion from nine analyst estimates compiled by Refinitiv and marked its worst second-quarter performance in a decade and a half.
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