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

Reuters News
Posted: Jan 31, 2017 2:17 AM

OSAKA (Reuters) - Nintendo Co Ltd cut its operating profit forecast for the year ending March to 20 billion yen ($176 million) 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.

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

(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)