Nintendo shares fall a day after the gaming company offers conservative earnings guidance and urges caution by SamNusseyRTRS
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 2 percent at 1106 local time , underperforming the benchmark index which was down 0.8 percent. Despite this, Nintendo is forecasting a meager 5.4 percent rise in Switch software sales on a year earlier to 125 million units. “Whether it would reach its targets became a big theme last year so Nintendo has released figures it can be confident of hitting,” said analyst Hideki Yasuda at Ace Securities.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nintendo shares fall as much as 5% after conservative earnings guidanceNintendo Co Ltd's shares fell as much as 5 percent in early Tokyo trading, ...
Read more »
Nintendo shares tumble after 'ultra-conservative guidance'Shares of Japanese game maker Nintendo tumbled around 3% on Friday morning after the company announced its earnings on Thursday.
Read more »
Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertaintyBoeing delivered first-quarter earnings that were in-line with Wall Street expectations while revenue was lighter than expected.
Read more »
Nintendo shares untraded after key China Switch sales approvalNintendo shares were untraded with a glut of buy orders in early Tokyo trade on ...
Read more »
25 Stunning Furniture Before And Afters You've Gotta See To BelieveAnd what you need to recreate them!
Read more »
Asian shares fall despite strong Wall Street; dollar near 22-month highEquity markets in Asia faltered on Wednesday, amid losses in South Korea and wor...
Read more »
3M cuts 2019 profit outlook on weak China, shares fall 11 percentShares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglom...
Read more »
Texas Instruments says slowdown in chip demand may continue; shares fallChipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips ...
Read more »
AT&T shares slide premarket as revenue falls short of estimatesAT&T Inc. shares slid 2% in premarket trade Wednesday, after the media and telecoms giant missed revenue estimates for the first quarter. The company,...
Read more »
World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Read more »
D.R. Horton shares slip as revenue forecast falls short of estimatesD.R. Horton Inc, the biggest U.S. homebuilder, forecast 2019 revenue below Wall ...
Read more »