Nissan Reports Q3 2012 Results

Nissan has announced results for its fiscal Q3 2012. For the quarter, which ended on Dec. 31, it netted 54 billion yen ($770 million), a 35% drop on a year-over-year basis. Net revenue came in at 2.2 trillion yen ($27.23 billion), or 5% lower than Q3 2011. Just under 1.16 million cars were sold during the quarter, 4% below that of the same period the previous year.

In the news release detailing the results, the company quoted CEO Carlos Ghosn as saying that the declines were "primarily the result of difficult operating conditions in Europe for the entire auto industry, in China for Japanese automakers, and in the U.S. for Nissan."

The article Nissan Reports Q3 2012 Results originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Nissan, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Professional Vs Do it Yourself Investing

Should you get advice or DYI?

View Course »

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

Add a Comment

*0 / 3000 Character Maximum