For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: Growth Stocks

NISSAN MOTOR CO. ADR $19.90 – Nasdaq symbol NSANY

NISSAN MOTOR CO. ADR $19.90 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissanmotors.com; Shares outstanding: 2.3 billion; Market cap: $45.8 billion; No dividends paid) reported that its earnings rose 3.2% in the three months ended December 31, 2011, to 82.7 billion yen ($1.07 billion U.S.) from 80.1 billion yen ($1.04 billion U.S.) a year earlier.

That’s a particularly strong performance in light of the fact that flooding in Thailand cut Nissan’s production by 33,000 vehicles in the quarter. The strong yen also hurt the company’s profits from overseas sales. Even so, the latest earnings beat the consensus estimate of 71.7 billion yen.

Nissan’s sales are rising in all of its markets outside Japan, including Europe and the U.S., as well as China and emerging markets like India, Russia and Brazil. Overall, the car-maker sold 1.2 million vehicles during the quarter, up 19.5% from a year earlier.

Nissan Motor is still a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.