Nintendo estimates profit to grow to 65 billion yen (US$583.85mil) from 29.4 billion yen a year prior. The outlook, however, was far below the 103.67 billion yen average of 23 analyst estimates surveyed by Thomson Reuters I/B/E/S.
OSAKA: Japan’s Nintendo Co Ltd said on Thursday it expects operating profit to jump 121% in the year through March 2018, bolstered by strong demand for its new Switch console.
Nintendo estimates profit to grow to 65 billion yen (US$583.85mil) from 29.4 billion yen a year prior. The outlook, however, was far below the 103.67 billion yen average of 23 analyst estimates surveyed by Thomson Reuters I/B/E/S.
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