Nintendo shares fall as much as 5per cent after conservative earnings guidance

TOKYO: Nintendo Co Ltd's shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.

Nintendo's shares were down 3.2 percent at 0930 local time , underperforming the benchmark index which was down 0.8 percent.The Kyoto-based gaming company said on Thursday it expected to shift 18 million Switch consoles and 125 million software units this financial year. That software forecast is seen by some analysts as conservative given a games pipeline that includes two full Pokemon titles and the latest in the Luigi's Mansion and Animal Crossing series.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Europe: Shares dip on disappointing earnings, growth worries[BENGALURU] European shares slipped on Thursday as weak earnings from Nokia and news of failed attempts at mergers added to a downbeat mood on renewed fears of a slowdown in global growth. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

S&P falls as investors await earnings, Nasdaq slips from record highThe S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

US: Corporate earnings drive shares in opposite directions[NEW YORK] A bruising earnings report from industrial giant 3M dragged the Dow lower on Thursday but strong results from Microsoft and Facebook boosted the Nasdaq. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »