We already knew Nintendo beat both analyst as well as their own projections for their fiscal year earnings, but now Reuters has an article up, presenting out a little more of the nuts and bolts information.
Japanese video game maker Nintendo Co. is eyeing a record group recurring profit of 260 billion yen ($2.2 billion) for the year ended March 31 on strong sales of its handheld DS consoles and a weaker yen, the Nikkei business daily said on Friday. The figure, above a market estimate for a 242.4 billion yen profit by 17 analysts polled by Reuters, would represent a 62 percent rise year-on-year and would exceed Nintendo’s previous forecast by 24 percent. Nintendo shares were up 1.2 percent at 34,750 yen at 0029 GMT, outperforming the benchmark Nikkei average, which was up 0.17 percent.
Head on over for the full article.
