Nintendo Reports 61% Drop In Q3 Operating Profit

Nintendo Co Ltd

reported a 61% decline in its quarterly operating profit. Nintendo expects an operating loss of 45 billion yen ($580 million) for the full year to March 31, versus its earlier forecast for a 1 billion yen operating profit. Nintendo's profit dropped to 40.9 billion yen for the October-December period, versus analysts' estimates of 52 billion yen. Nintendo shares gained 0.82% to close at $17.54 yesterday.