Hong Kong (CNN Business) Nissan's nightmare isn't over yet.

Japan's second biggest automaker on Tuesday cut its sales forecast for the year after yet another lackluster earnings quarter that saw profit plunge by 70%. The company now expects to sell 5.2 million cars for the fiscal year that ends in March 2020 — 5.4% less than what it initially anticipated.

The rest of Nissan's turnaround plan is also off track, said incoming chief financial officer Stephen Ma. He said Tuesday that the company expects to post operating profits of 150 billion yen ($1.4 billion) for the year, down from the original outlook of 230 billion yen ($2.1 billion).

Those warnings came after Nissan reported operating profit of 30 billion yen ($275 million) for the three months that ended in September, a 70% drop compared to a year earlier that also missed market estimates by a wide mark. Analysts polled by Refinitiv had expected Nissan to report 47.5 billion yen ($435 million) in operating profit.

Revenue for the most recent quarter fell 6.6% to 2.63 trillion yen ($24 billion), in line with analysts' expectations.

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