Nissan Posts First Quarterly Profit Loss in More Than 4 Years

Reuters file photo
The Nissan logo is displayed at the 46th Bangkok International Motor Show in Bangkok on March 24.

YOKOHAMA (Reuters) — Nissan posted its first quarterly operating loss in more than four years on Wednesday as the embattled Japanese automaker took a hit from U.S. import tariffs and lower sales volumes.

It reported an operating loss of ¥79.1 billion for the April-June quarter, narrower than an average estimate for a ¥123.9 billion loss in a survey of five analysts by LSEG.

The result compared to a forecast for a ¥200 billion loss the company had released when it reported its results for the previous financial year in May.