Nintendo reported today a sharply increased fiscal third-quarter profit today and continued to affirm its estimated profit for the fiscal year though analysts expect that the company will increase its earnings outlook in the near future.
According to the company's financial statements, the consolidated net profit for October-December rose to 55.56 billion yen ($479.7 million) as compared to 21.3 billion yen for the same period last year. For the nine months ended December 31, the company posted a net profit of 92.2 billion yen ($801 million) up from 67.8 billion yen for the same time frame in the previous fiscal year, a 36% increase.
Nintendo reaffirmed its previous guidance that the company would book a profit for the full fiscal year ending in March of 75 billion yen ($652 million) based on 500 billion yen ($4.3 billion) in sales. Takashi Oya, a Tokyo-based game analyst with Deutsche Securities, stated that he believes that there is "no question" that Nintendo will revise its full-year forecast based on its most recent earnings report.
http://ds.ign.com/articles/683/683739p1.html
According to the company's financial statements, the consolidated net profit for October-December rose to 55.56 billion yen ($479.7 million) as compared to 21.3 billion yen for the same period last year. For the nine months ended December 31, the company posted a net profit of 92.2 billion yen ($801 million) up from 67.8 billion yen for the same time frame in the previous fiscal year, a 36% increase.
Nintendo reaffirmed its previous guidance that the company would book a profit for the full fiscal year ending in March of 75 billion yen ($652 million) based on 500 billion yen ($4.3 billion) in sales. Takashi Oya, a Tokyo-based game analyst with Deutsche Securities, stated that he believes that there is "no question" that Nintendo will revise its full-year forecast based on its most recent earnings report.
http://ds.ign.com/articles/683/683739p1.html
