Renault shares fall after Nissan's bleak outlook
Reuters
Published May 15, 2019 03:28AM ET
Renault shares fall after Nissan's bleak outlook
PARIS (Reuters) - Renault's shares fell sharply on Wednesday, in the wake of a slump in the stock price of its Japanese partner Nissan after Nissan issued a bleak earnings outlook.
Renault (PA:RENA) shares were down 2.5 percent in early trading, making them among the worst performers on both the Paris and broader European stock markets.
Nissan forecast a 28% plunge in its annual operating profit, putting it on course for its weakest earnings in 11 years and underscoring its struggle to turn the page after former chairman Carlos Ghosn was ousted.
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Written By: Reuters
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