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Nintendo Q3 Revenue Drops, Cuts Outlook and Dividend, Switch Sales Slow Ahead of Next-Gen Console [Yahoo! Finance]

NINTENDO CO LTD UNSP/ADR (NTDOY) 
NASDAQ:AMEX Investor Relations: nintendo.co.jp/ir/en
Company Research Source: Yahoo! Finance
1 min read In This Article NTDOY Nintendo Q3 Revenue Drops, Cuts Outlook and Dividend, Switch Sales Slow Ahead of Next-Gen Console Nintendo Co (OTC: NTDOY ) reported third-quarter revenue of $1.10 billion (432.92 billion Japanese yen), down from $1.70 billion (598.56 billion Japanese yen) a year ago. EPS of 110.40 Japanese yen compared to 117.45 Japanese yen a year ago Nintendo sold 4.82 million Nintendo Switch hardware in the third quarter, bringing the total for the current fiscal year to 9.54 million units (down by 30.6% Y/Y). Also Read: Sony Eyes Portable Gaming Market With New Handheld Console In Development The company expects to sell 11.00 million units of Nintendo Switch hardware in fiscal 2025, down from 12.50 million units it previously expected. It expects to sell 150 million units of Nintendo Switch software in fiscal 2025, down from 160 million units it previously expected. The company expects fiscal 2025 net sales of 1.19 trillion Japanese yen (prior 1 Show less Read more
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