Nissan Motor Co ( (JP:7201) ) has provided an update.
Nissan Motor Co. has revised its fiscal year 2024 financial forecast, indicating a decrease in operating profit by 29.2% to 85 billion yen due to a challenging competitive environment and declining sales performance. Despite the anticipated net loss and negative automotive free cash flow, Nissan maintains a healthy net cash position of approximately 1.5 trillion yen, reflecting resilience amidst financial uncertainties.
More about Nissan Motor Co
Nissan Motor Co., Ltd. is a prominent player in the automotive industry, known for manufacturing a wide range of vehicles. The company focuses on producing innovative and sustainable automotive solutions, catering to a global market.
YTD Price Performance: -30.65%
Average Trading Volume: 26,230
Technical Sentiment Signal: Buy
Current Market Cap: $7.61B
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