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Nissan first-quarter profit rises, exceeds consensus as U.S. sales improve


    YOKOHAMA Japan (Reuters) - Nissan Motor Co posted a 13.4 percent rise in April-June operating profit from a year earlier as Japan's second-biggest car maker saw improved sales in the United States after it changed senior management overseeing operations there.

    Nissan said on Monday that its first-quarter operating profit was 122.6 billion yen ($1.20 billion), exceeding the 109.1 billion yen mean estimate of 12 analysts polled by Thomson Reuters I/B/E/S.

    It stuck with an annual operating profit forecast of 535 billion yen for the financial year ending in March 2015.

    Last financial year, Nissan posted a 4.8 percent operating profit margin, the worst among its Japanese peers, squeezed by the cost of a rapid expansion drive aimed at lifting its global market share.

    ($1 = 101.8700 Japanese Yen)

    (Reporting by Yoko Kubota; Editing by Kenneth Maxwell)