Nintendo Blows Away Earnings Estimates on Switch, 'Animal Crossing' Sales
Nintendo (OTC: NTDOY) annihilated analyst earnings forecasts after posting fiscal first-quarter profits today that went stratospheric on the popularity of the Switch hybrid gaming console and the Animal Crossing: New Horizons game, which is only available on the Switch platform.
The video game giant reported profits surged 428% in the quarter, hitting 144.7 billion yen, or about $1.37 billion, more than double the 71 billion yen analysts had expected.
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Source Fool.com
