Nintendo Co Ltd. (NTDOY)Nintendo Q3: Forecasts down on ¥48 billion net loss
Submitted by TheSmilkman (53)
at 11:12AM PST on January 26, 2012
Nintendo’s has lowered its forecasts for FY2012 after reporting a net loss of ¥48.3 billion loss for the nine month period ending December 2011, compared to a profit of ¥49.5 billion in the previous corresponding period. Nintendo’s net sales were at ¥556.1 billion for the period, down from ¥807.9 billion in the same nine months in 2011. It now expects a full-year loss of ¥65 billion. Sales for the year are now predicted to be at ¥660 billion, down from a previously expected ¥790 billion.