Nissan Shares Climb After Forecasting Profit Instead of Loss

Nissan Motor Co. shares climbed the most in more than two months after the Japanese carmaker raised its earnings outlook, avoiding what could have been its first annual operating loss in five years.

The stock rose as much as 6.5% in early morning trading in Tokyo, the most since Feb. 17 on an intraday basis, after the company estimated it posted a full-year operating profit of ¥50 billion ($314 million), compared with its previous forecast for a ¥60 billion loss.