Reuters: Global Markets: Nissan tumbles 11 percent to seven-month low after cutting guidance

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Nissan tumbles 11 percent to seven-month low after cutting guidance Nov 5th 2013, 00:29 Tweet Share this Email Print Reprints Related Topics Hot Stocks » Asian Markets » A visitor runs past the logo of Nissan Motor Co at the company's showroom in Yokohama, south of Tokyo November 1, 2013. Credit: Reuters/Yuya Shino TOKYO | Mon Nov 4, 2013 7:29pm EST TOKYO (Reuters) - Shares of Nissan Motor Co Ltd (7201.T) dropped as much as 11.6 percent to a seven-month low of 850 yen on Tuesday morning after the automaker cut its annual net profit estimate amid a slowdown in emerging markets and quality issues. The stock was the third-most traded on the main board by turnover. The carmaker lowered its net profit forecast for the year ending March 2014 to 355 billion yen ($3.6 billion) from 420 billion yen after the market close on Friday. Japanese markets were closed for a public holiday on Monday. ($1 = 98.6050 Japanese yen) (Reporting by Dominic Lau; Editing by Edwina Gibbs) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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