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Nissan quarterly profit drops 20%


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...and Moody's just upgraded Nissan's rating by one notch citing the automaker's profitability...?!

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Is it me or is this article contradictory, 1/4ly profits down 20% " the fiscal first quarter down to 85 billion yen" but "The result also outdid forecasts. A FactSet survey of analysts forecast a profit of 55 billion yen." and "Nissan sold 1.056 million vehicles in the quarter, up 10.6% from a year earlier. Quarterly sales edged up 1.6% to 2.08 trillion yen.." confusing!!!!!!

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