Nintendo Lifts Profit and Switch Sales Outlook After Profit Beat [Yahoo! Finance]
NINTENDO CO LTD UNSP/ADR (NTDOY)
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Source: Yahoo! Finance
(Bloomberg) -- Nintendo Co. raised its forecast for Switch console sales and profit for the year after reporting better-than-expected earnings for the holiday quarter. Most Read from Bloomberg King Charles Treated for Cancer in New Health Scare for Monarchy Why NYC Apartment Buildings Are on Sale Now for 50% Off China Tightens Some Trading Restrictions for Domestic and Offshore Investors Eastern Europe's Richest Woman Pivots $43 Billion Empire West Bonds Fall After ‘One-Two Punch' of ISM, Fedspeak: Markets Wrap The Kyoto-based company now expects to sell 15.5 million Switch units in the fiscal year ended March, up from 15 million, and it also raised its revenue, operating profit and net income guidance. The December quarter's operating profit of ¥184.5 billion ($1.2 billion) beat the average analyst estimate of ¥181.3 billion, though it fell shy of its performance in the same period a year earlier. Sales in the three months ended December were ¥598.6 billion, Nintendo
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