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Switch sales help Nintendo beat estimates with 116% second-quarter profit jump

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Switch sales help Nintendo beat estimates with 116% second-quarter profit jump
FILE PHOTO: A display for the gaming company Nintendo is shown during opening day of E3 in Los Angeles, California, U.S., June 11, 2019. REUTERS/Mike Blake/File Photo   -   Copyright  Mike Blake(Reuters)
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TOKYO (Reuters) – Japan’s Nintendo Co Ltd <7974.T> said on Thursday second-quarter operating profit jumped 116%, beating estimates, driven by demand for its Switch console.

Profit for the July-September quarter was 66.8 billion yen ($615 million) versus 30.9 billion yen a year earlier.

That compared with an average forecast of 50 billion yen 10 analyst estimates compiled by Refinitiv showed.

(Reporting by Sam Nussey; editing by Himani Sarkar and Jason Neely)

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