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Nintendo lowers full-year operating profit outlook, but returns to quarterly profit

Published 31/01/2017, 07:16
© Reuters. A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo
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OSAKA (Reuters) - Nintendo Co Ltd (T:7974) cut its operating profit forecast for the year ending March to 20 billion yen (140.7 million pounds) from 30 billion yen, though a weaker yen and revenue from mobile gaming helped the videogames maker to its first quarterly profit in a year.

October-December profit reached 32.3 billion yen from 33.5 billion yen a year earlier, the Japanese firm said on Tuesday.

That compared with a Thomson Reuters Starmine SmartEstimate of 30.71 billion yen drawn from six analyst forecasts.

© Reuters. A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo

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