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“Nintendo hikes profit forecast as Mario movie, Zelda game breathe new life into Switch console”

Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it continues to get a bump from the “Super Mario Bros. Movie” and flagship Zelda game released this year.

Here’s how Nintendo did in its fiscal second quarter versus LSEG estimates:

  • Revenue: 334.9 billion Japanese yen ($2.2 billion) versus 317.3 billion yen expected.
  • Net profit: 90.3 billion yen versus 75.7 billion yen expected

Nintendo’s revenue fell 4% year-on-year and its profit dropped 19%…”

https://www.cnbc.com/2023/11/07/nintendo-ntdoy-earnings-report-q2-2024.html

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