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.

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

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.

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%