"Nasdaq Stock Market" declare : Japan's Nissan posts lower Q1 profit, misses estimate as expenses bite

That compared with an average estimate for 171.45 billion yen from six analysts polled by Thomson Reuters I/B/E/S. Nissan expects an operating profit of 685.0 billion yen in the year to March, down 7.7 percent from last year and below analyst forecasts for 733.23 billion yen. 2 automaker by car sales posted an operating profit of 153.3 billion yen ($1.38 billion) in the April-June quarter, down 12.8 percent from 175.83 billion yen a year ago. Amid fierce competition in a slowing U.S. market, Nissan has been battling for market share in part by offering aggressive discounts, that some analysts warn may sting its margins. The company has said it expects higher raw material costs and a minor negative currency impact to weigh on operating profit this year.


according to Total revenue rose 44.8% to $9.32bn from the same period in 2016, of which Facebook posted a profit of $3.89bn – up a whopping 71% from the year before. Facebook is expected to generate $36.29 billion in net digital ad revenue this year, a 35% jump from 2016, according to the research firm eMarketer. Mobile ad revenue accounted for 87% of the company's total advertising revenue of $9.16 billion in the latest quarter, up from 84% a year earlier. Facebook said about 2.01 billion people were using its service monthly as of June 30, up 17% from a year earlier. The boost came from increasing monetisation of video within the Facebook News Feed, as well as growth in the Facebook-owned Instagram.


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Nissan posts lower Q1 profit, misses estimate

Nissan maintained its forecast for operating profit in the year to March at 685.0 billion yen, down 7.7 percent from last year and below analyst forecasts for 733.23 billion yen. 2 automaker by car sales posted an operating profit of 153.3 billion yen ($1.38 billion) in April-June, down 12.8 percent from 175.83 billion yen a year ago. Nissan Motor Co. on Thursday posted a bigger-than-expected drop in its first-quarter operating profit as higher expenses offset a rise in global vehicle sales. That compared with an average estimate for 171.45 billion yen from six analysts polled by Thomson Reuters I/B/E/S. The company has said it expects higher raw material costs and a minor negative currency impact to weigh on operating profit this year.




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