Nidec posts 4.5% dip in third quarter profit

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TOKYO (Reuters) – A Japanese maker of electrical motors, Nidec Corp, posted on Wednesday a third-quarter working profit of 44.3 billion yen, down from a corresponding determine of 46.4 billion a yr in the past.

The outcome for the three months to Dec 31 fell wanting a mean profit of 49.9 billion yen estimated by 5 analysts surveyed by Refinitiv.

The firm caught to its full-year forecast for working profit of 190 billion yen. That prediction is decrease than a mean forecast of 193.5 billion yen based mostly on estimates from 22 analysts, Refinitiv information exhibits. (This story corrects finish of quarter to Dec 31 from Sept 30 in second paragraph)

(Reporting by Tim Kelly; Editing by Clarence Fernandez)



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