Nissan shares slide after profit falls 70%, forecasts slashed cnn.com

Hong Kong (CNN Business) Nissan (NSANF) stock sank Wednesday after it reported a 70% plunge in profit and lowered its forecasts for the year.
Shares in Japan's second largest automaker slid as much as 4.3% in early trading in Tokyo.
It recovered some of those losses by mid-morning and was last down about 1.4%.
So far this year, Nissan shares have tumbled 20%.
Nissan said after Tuesday's market close that its operating profit fell 70% to 30 billion yen ($275 million) for the three months that ended in September, well below the estimated 47.5 billion yen from a Refinitiv poll of analysts.