Nintendo Co., Ltd. (NTDOY)
Nintendo posts profit miss as it slashes Switch forecast again ahead of console's successor
Nintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third quarter, slashing its forecast for the Switch console ahead of the release of its succesor. Nintendo last month teased the Switch 2 in a trailer showing off the hardware.
Nintendo cuts FY profit forecast by 22%
Japan's Nintendo cut its operating profit forecast on Tuesday by 22.2% to 280 billion yen ($1.8 billion) for the financial year ending March.
Nintendo: Switching To Strong Buy For Generational Undervaluation
Nintendo has revealed the Nintendo Switch 2, featuring a larger screen, improved Joy-Con controllers, and backward compatibility with the original Switch's game library. Nvidia will supply a new chip, leveraging DLSS AI software to boost resolution and frame rate, enhancing performance and reducing game production costs. The new Mario Kart game, expected to launch with the Switch 2, showcases enhanced graphics, larger tracks, and support for up to 24 players.
Why Nintendo Stock Flew Higher on Friday
Market players gravitated to Nintendo (NTDOY 3.26%) stock at the close of the trading week following the initiation of coverage by a major bank. This helped push the storied video game company's stock more than 3% higher on Friday, easily beating the S&P 500 index's nearly 0.3% decline.
Why Nintendo Stock Is Climbing Today
Nintendo (NTDOY 1.73%) stock is gaining in Thursday's trading as investors and analysts are warming back up to the prospects for the company's recently unveiled Switch 2 console. The Japanese video gaming giant's share price was up 1.6% as of 12:10 p.m.
Why Nintendo Stock Popped Today
Nintendo (NTDOY 2.59%) stock rose 2.5% through 11:45 a.m. ET Wednesday after the Japanese video game giant confirmed that it will be releasing a successor to the popular Nintendo Switch gaming console later this year.
Nintendo Switch 2 Causes Mixed Feelings
Nintendo Switch 2's reveal led to a -5.1% stock drop. I am shifting from 'neutral with positive inclination' to 'completely neutral' on Nintendo. JPY fluctuations impact Nintendo's USD performance as well as reported earnings. With hit-console Nintendo Switch at the end of its 8th year and earnings declining sharply, it was about time for an official next-gen announcement.
Nintendo has 'a lot of work to do' to convince casual users to upgrade to Switch 2: Kantan Games
Serkan Toto, CEO of Kantan Games, says Nintendo will have "no problem" selling the Switch 2 in the first year and adds that he is more "concerned" about subsequent years of sales.
Nintendo reveals long-awaited Switch 2 console set to launch this year
Nintendo showed off its new Switch 2 console in a video trailer Thursday, featuring a bigger display and joy controllers. ➡️ Nintendo said its long-awaited new Switch 2 hybrid will be available this year, as the company looks to breathe new life into its struggling hardware business.
Nintendo stock sees its worst drop in three months. Switch 2 plans were vague.
Nintendo stock fell sharply on Friday, after having rallied to a record high, as the company was coy about its plans for the Nintendo Switch 2 gaming device.
Nintendo shares down on detail-light Switch 2 teaser
Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.
