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Nintendo Swings To Profit

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Nintendo Co (OTC: NTDOY) posted a profit in the first nine months of the fiscal year.

Nintendo posted a net profit of 14.54 billion yen ($160 million), versus a year-ago loss of Y48.35 billion. Its revenue declined 2.4% to Y543.03 billion.

For the current fiscal year, it lowered its sales view by 17% to Y670 billion. It now expects an operating loss of Y20 billion, versus its prior forecast of a Y20 billion yen profit.

Nintendo shares closed at $13.20 yesterday.

Posted-In: profitEarnings News Guidance

 

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