Nintendo - News and Updates

Ticker: NTDOY

Nintendo News - Upcoming

A Reuters estimate has Nintendo earning 28.67 billion yen in the final quarter of their fiscal year. Investors are also actively watching central banks around the globe, specifically to see if Japan will defend the yen. A strong yen, making Japanese exports more expensive on the global market, has cut into Nintendo's worldwide sales.

As earnings season approaches, investors will be keeping a watchful eye on Nintendo's quarterly results to gage how impacted the firm's revenue stream has been by the slumping economy.

Nintendo News - Past

On January 29, Nintendo posted a 21% gain in operating profit to 249.2 billion yen from 205.3 billion yen. Despite blowing out the competition in 2008, Nintendo lowered its full year forecast to $530 billion yen from $630 billion yen. In a January 30th research note, Goldman Sachs called Nintendo a buy after its steep correction on the profit warning.

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