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Stock impact report

Warning Lights Flash At Nissan After Monster Profit Warning [Barron's]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Barrons
Nissan on Thursday warned it expected to have posted a loss of 700-750 billion yen ($4.9-$5.3 billion) in the business year that ended in March, blaming asset writedowns and restructuring costs. "Despite these challenges, we have significant financial resources, a strong product pipeline and the determination to turn around Nissan in the coming period," the company promised. But investors are unlikely to be reassured. Nissan, one of the top 10 automakers by unit sales with roots going back over a century, is heavily in debt and lacking a clear next move after a mooted merger with rival Honda collapsed. In March, the chief executive quit and investors have driven for the hills, sending Nissan shares down by more than 40 percent over the past year. Nissan has lurched from crisis to crisis in recent years, with the dramatic arrest of former boss Carlos Ghosn -- who escaped Japan in a musical instrument box -- the Covid pandemic and the Ukraine war. It has an uninspiring prod Show less Read more
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