February 8, 2013
Nissan (NASDAQOTH: NSANY ) 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."
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