Nissan posts surprise Q1 profit

Japanese automaker Nissan Motor Co on Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the United States, after reporting a surprise first-quarter operating profit.

Nissan reported an operating profit of 75.68 billion yen (US$688.6 million) for April-June, compared with a 153.93-billion-yen loss in the same period a year earlier.