Why Nissan (NSANY) Stock Is Surging Today

NEW YORK (TheStreet) -- Shares of Nissan Motor Co. (NSANY) are up 4.01% to $20.22 on heavy trading volume this afternoon after net income at the Japan automaker jumped 37% to 112.1 billion yen, or $1.1 billion, in the April-to-June quarter, beating the 84.3 billion yen average of 14 analyst estimates compiled by Bloomberg.

The company said it would meet its forecasts after cutting its profit projections in each of the last two years, Bloomberg said.

Nissan benefited from higher earnings in China.

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NSANY ChartNSANY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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