Nintendo Q2 net profit falls 29% to ¥73.49B, missing ¥82.21B estimate

Cointime reports: Nintendo reported second-quarter net profit of ¥73.49 billion, down 29% year on year and below the ¥82.21 billion market estimate. Operating profit fell 16% to ¥73.90 billion against a ¥88.1 billion forecast, while net sales dropped 15% to ¥448.23 billion versus ¥477.12 billion expected. For the full year, the company now projects operating profit of ¥370.0 billion and net profit of ¥310.0 billion, both well under consensus.