Nissan first-quarter operating profit drops 14%

TOKYO (Reuters) - Nissan Motor Co's first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million), the Japanese carmaker said on Thursday, citing surging raw material costs and production disruption from COVID-19 lockdowns.

Earnings for the three months to June 30 beat an average estimate of 45.8 billion yen from 11 analysts, Refinitiv data shows.

($1 = 135.7500 yen)

(Reporting by Satoshi Sugiyama; Editing by David Goodman)