Japan's Nidec posts first quarterly loss in 10 years
The loss of 24.3 billion yen (USD 181.01 million) for the January-March quarter compared to an average estimate for a 11.75 billion yen loss in a Refinitiv survey of analysts. "The business environment surrounding Nidec continues to be severe," the company said, warning of a delay in the recovery of global automobile production, among other headwinds.
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