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Nintendo Co Ltd. (NTDOY)
Nintendo Raises Forecasts on Wii, DS; Shares Surge

Bloomberg - August 29, 2008

Submitted by starship (297) at 2:56AM PST on August 29, 2008

Nintendo Co. raised its full-year profit forecast by 26 percent because of higher-than-anticipated sales of Wii and DS game players, sending shares of the company to their biggest gain in nine months. Net income will climb 59 percent to 410 billion yen ($3.8 billion) in the year ending March 31, the Kyoto-based company said in a statement today. The guidance exceeded the 382.6 billion yen median of 23 analyst estimates compiled by Bloomberg.

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