There’s good news coming from Nintendo-land. At least, a Wall Street Journal analyst seems to think so.
According to a post by Takashi Mochizuki on his WSJ blog, Nintendo will report both a return to profit and an elimination of its nagging, continued operating loss when it announces earnings after the market closes on Wednesday.
The forecasted boost can be attributed to a number of factors, including successful software like Mario Kart 8 and Super Smash Bros. for Nintendo 3DS, as well as the release of the New 3DS in certain markets and (slightly) improved Wii U sales. The nitty gritty of the forecast can be seen below.
EARNINGS FORECAST: The Japanese videogame company is expected to report a net profit of ¥6.8 billion ($63 million) in the quarter through September, according to a poll of analysts surveyed by financial data provider Quick. A year earlier, it reported a net loss of ¥8.02 billion. It is also expected to largely wipe out its operating loss.
REVENUE FORECAST: Revenue is expected to fall to ¥106 billion in the quarter from ¥115 billion a year earlier.
Related: Nintendo Has Already Sold Me on the New 3DS, and Here’s Why
Remember, the predicted return to profit is for the just-ending second quarter; Wii U and 3DS still have another test to pass this upcoming holiday season before you can breath an ultimate sigh of relief.
Analysts agree, noting that “the real test for Nintendo will be the quarter through December, including the holiday shopping season.” We’ll have to wait and see if Iwata and the gang can pull through come Q3 earnings time.
[Via: Wall Street Journal]
