Japan's Nissan has today raised its full-year operating profit forecast by 8% after it turned in a higher-than-expected second-quarter operating profit due to stronger vehicle sales in North America.
Japan's second-largest car maker said it was now estimating an operating profit for the year ending March 2016 of 730 billion yen ($6.1 billion).
This is up from a previous forecast of 675 billion.
The profit would be higher than the previous year's 590 billion.
It also raised it revenue forecast for the full year after net revenue rose 13.2% to 3.03 trillion yen in the three months from July to September due to strong demand for its vehicles in North America and improving sales in Western Europe.
For the first nine months, revenue was 9.2 trillion yen ($76.37 billion), Nissan reported.
Nissan said its quarterly operating profit climbed 44% to 201.26 billion yen from 139.34 billion during the same period last year. That beat an average estimate of 179.04 billion yen made by forecasts from 11 analysts according to Thomson Reuters data.
Second-quarter net profit rose 38% on the year to 178.46 billion yen.
