Business & Finance
Nintendo Tops Estimates With Strong Games and Tariff Refunds
Key Points
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.