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Nintendo Tops Estimates With Strong Games and Tariff Refunds

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Asia Nintendo Tops Estimates With Strong Games and Tariff Refunds Nintendo Co. reported stronger-than-expected earnings buoyed by tariff refunds from the US and strong sales of a pair of in-house titles for its flagship Switch 2 console. The Kyoto-based company posted net income of ¥147.4 billion ($934 million) for the June quarter, compared with an analyst consensus estimate of ¥77.8 billion. Revenue of ¥517.8 billion surpassed the market expectation of ¥448.8 billion.

Asia Nintendo Tops Estimates With Strong Games and Tariff Refunds Nintendo Co. reported stronger-than-expected earnings buoyed by tariff refunds from the US and strong sales of a pair of in-house titles for its flagship Switch 2 console. The Kyoto-based company posted net income of ¥147.4 billion ($934 million) for the June quarter, compared with an analyst consensus estimate of ¥77.8 billion. Revenue of ¥517.8 billion surpassed the market expectation of ¥448.8 billion.
Nintendo Tops (ORG) Strong Games and Tariff Refunds Asia Nintendo (ORG) Strong Games and Tariff Refunds Nintendo Co. (ORG) US (LOCATION) Kyoto (LOCATION)
Originally published by Bloomberg Technology Read original →