TOKYO (Reuters) - Japanese electric motor maker Nidec posted a 10% rise in quarterly operating profit on Wednesday to 60.7 billion yen ($398.79 million), compared to 55.1 billion yen in the same period a year earlier.
The earnings for the three months to end-September compared to a 56.5 billion yen average profit estimate in a survey of eight analysts by LSEG.
The Kyoto-based firm forecast full-year operating profit of 240 billion yen, versus an average forecast of 244.7 billion yen in a poll of 20 analysts.
($1 = 152.2100 yen)
(Reporting by Daniel Leussink; Editing by Muralikumar Anantharaman)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.