Nissan Turns A Profit For The First Time In Two Years As Pigs Fly, Hell Freezes Over - Jalopnik

Nissan reported its first quarterly net profit in two years, posting $23.9 million for the three months ended in June. That compares with a roughly $740 million loss in the same period a year earlier, and it beat analysts’ expectations for a $23.3 million loss. The company kept its annual earnings outlook unchanged while lowering its vehicle sales projection. Nissan’s first-quarter revenue rose 9.5% to ¥2.964 trillion. For the fiscal year ending March 2027, Nissan expects global sales of 3.15 million units (down from 3.30 million previously) and projects an 8.3% revenue increase to ¥13.000 trillion and net profit of ¥20.00 billion. Restructuring steps include selling its headquarters, cutting manufacturing sites and global production capacity, and eliminating 20,000 jobs by March 2028.