Nissan Motor Co. reported a 78 percent rise in quarterly profit Wednesday and boosted its full-year forecast as higher auto sales in the United States, Europe and Asia offset weak demand in Japan.
Nissan’s net profit for the October-December quarter, the third quarter of the Japanese fiscal year, climbed to 80.07 billion yen, or $970 million, on a 5 percent rise in revenue.
Nissan, which is now Japan’s No. 2 automaker after overtaking Honda Motor Co. in 2010, raised its full-year earnings forecast 17 percent to 315 billion yen, or $3.8 billion.
"Though we foresee risks in rising commodity prices and exchange rate volatility in the fourth quarter, we will continue to deliver good results," said Nissan President Carlos Ghosn, who is also chairman and CEO of Nissan’s partner and main shareholder, Paris-based Renault SA.
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