Nissan shares skid after profit plunge, outlook cut

TOKYO (Reuters) – Shares of Nissan Motor (T:) slid more than 4% in early trade on Wednesday, a day after the Japanese automaker reported a 70% plunge in quarterly profit and slashed its full-year forecast to an 11-year low.

Nissan’s bottom line was hit by a strong yen and falling sales and its poor performance highlights the turmoil at the automaker after the ouster of former boss Carlos Ghosn.

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