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Nintendo second quarter profit rises 30 percent, misses estimates

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Nintendo second quarter profit rises 30 percent, misses estimates
FILE PHOTO: Nintendo's Kirby toys are displayed in the Nintendo store in New York, U.S., November 15, 2017. REUTERS/Brendan McDermid/File Photo   -   Copyright  Brendan McDermid(Reuters)
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OSAKA (Reuters) – Japan’s Nintendo Co Ltd <7974.T> reported a 30 percent rise in second-quarter operating profit on Tuesday, albeit missing analyst estimates, as sales of Switch hardware and games drive its earnings recovery.

July-September profit reached 30.9 billion yen(214.17 million pounds), the Kyoto-based gaming company said. That compared with a 36.6 billion yen average of seven analyst estimates, Refinitiv data showed.

Nintendo sold 5.07 million of its Switch consoles over April-September. It maintained its sales forecast for the year ending March at 20 million consoles.

($1 = 112.7300 yen)

(Reporting by Sam Nussey; Editing by Christopher Cushing)

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