Nissan Motor Co. has updated its full-year earnings guidance to project a profit instead of a loss. The revision triggered a significant rally in Tokyo trading as the company avoided its first annual deficit in five years.
- Full-year operating profit estimated at ¥50 billion ($314 million)
- Previous forecast predicted a ¥60 billion operating loss
- Stock climbed as much as 5.6% in early Tokyo trading
- Avoided first annual operating loss in five years
- Strongest share price movement since April 8
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