Nissan Shares Plummet Post-Results
This is a news story, published by CNBC, that relates primarily to Nissan news.
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NissanCNBC
•Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
84% Informative
Shares of Japanese automaker Nissan tumbled as much as 10.12% , a day after the company posted downbeat quarterly results.
Operating profit in the second quarter plunged almost 85% year-on-year to 31.9 billion yen , while revenue dropped 5% to 2.99 trillion yen .
Nissan scrapped interim dividend and year-end dividend outlook, with top executives taking voluntary pay cuts.
Company also announced plans to cut staff by 9,000 .
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