|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||41.50 - 41.82|
|52 Week Range||38.81 - 58.45|
|PE Ratio (TTM)||29.64|
|Forward Dividend & Yield||0.66 (1.65%)|
|1y Target Est||76.19|
Jul.30 -- Melvin Capital Management's Gabriel Plotkin has accumulated a $400 million short against Nintendo Co., accounting for as much as seven percent of daily volume in the game maker. Bloomberg's Lisa Abramowicz reports on "Bloomberg Daybreak: Americas."
Nintendo is suing two major ROM sites for damages, while Ghost Recon Wildlands is getting a Siege crossover on PS4, Xbox One, and PC.
Nintendo has been dribbling out more info on Super Smash Bros. Ultimate ahead of its release this December. Aside from new characters, the company announced -- unsurprisingly -- that the title will be compatible with GameCube controllers, which are preferred by pro players. After today's Nintendo Direct, the company tweeted that a limited edition of the game will be available that includes one of these controllers along with an adapter to use it on the Switch.
Nintendo just murdered Luigi during a livestream about Super Smash Bros. Ultimate. Killing beloved characters is the point of Smash Bros., after all, and Nintendo took the opportunity to add two more to the list: Simon and Richter Belmont, stars of the Castlevania series.
Super Smash Bros. Ultimate's veritable museum of Nintendo history extends to the game-maker's iconic music as well. This time out, there are over 900 compositions and Nintendo says if you played them all back to back, it'd take you over 28 hours to hear a repeat. The "My Music" feature is essentially iTunes for Nintendo music.
U.S. hedge fund manager Gabriel Plotkin made a risky bet by increasing his short position in Nintendo Co. just ahead of the company’s earnings report on Tuesday. Plotkin’s hedge fund Melvin Capital Management, based in New York, was short about $400 million worth of Nintendo’s stock, according to the latest regulatory filing on Tuesday. The quarterly beat is the latest chapter in the battle between Nintendo and short sellers like Plotkin, which has gripped executives, investors and analysts.
Japan's Nikkei share average rose on Wednesday, supported by a stronger Wall Street and a weaker yen, with blue chips such as Sony and Sharp gaining on strong earnings and lifting overall sentiment. The Nikkei was up 0.5 percent at 22,672.63.
TOKYO—Nintendo Co. said its operating profit nearly doubled in the fiscal first quarter as strong game-software sales more than offset a falloff for its main Switch game console. During the April-June quarter, Nintendo sold 1.88 million of the handheld-hybrid consoles, down from 1.97 million a year earlier—right after its March 2017 release—when component shortages made it hard to keep up with demand. The results suggest Nintendo is on track to make the Switch platform sustainable by selling games for it.
Shares of the Nintendo ADR (NTDOY) closed up 3.6% on Tuesday after the storied Japanese firm reported earnings results for the June quarter. How should investors view the results? We'll give you the full rundown here!
As of Tuesday, Nintendo reported selling nearly 20 million Nintendo Switch consoles. This news is backed by anticipation surrounding the release of "Super Smash Bros. Ultimate" and two "Pokémon: Let’s Go" games later this year. “Sales of downloadable versions of packaged software and add-on content for Nintendo Switch showed especially good growth, bringing digital sales to 18.5 billion yen (68-percent increase on a year-on-year basis)," Nintento said in a press release.
Nintendo (OTCMKTS:NTDOY) reported its first-quarter earnings, with a respectable gain in revenue and another big jump in profit. Switch hardware sales slowed by single digits, which was more than offset by a jump in software sales. In its Q1 earnings report, Nintendo booked revenue of $1.51 billion and an operating profit of $275 million.
If Nintendo's recent success proves anything, building for the time is more important than making for the future. Nintendo is coming off a massive quarter that saw 88% year over year operating profit on the back of the Nintendo Switch. The Switch is great.
SEOUL, South Korea (AP) — Nintendo Co. said Tuesday that its quarterly profit jumped 44 percent in the fiscal first quarter thanks to increased sales of Nintendo Switch game titles.
Nintendo released its latest earnings report today and the headline is that the company has now sold nearly 20 million Switch consoles. Overall, the business recorded a 30.5 billion JPY ($275 million) operating profit, up 88 percent year-on-year, as revenue grew 9 percent to reach 168 billion JPY, or $1.5 billion. Nintendo has a bunch of new titles incoming -- including Super Smash Bros. Ultimate and two Pokémon titles -- while its Nintendo Switch Online service is due to launch in September so there's plenty more to come.
A key takeaway from Sony Corp.’s and Nintendo Co.’s earnings Tuesday is that console games are alive and well. New mobile versions of PUBG and Fortnite, both distributed by Tencent Holdings Ltd., raised the specter of gamers spending more time on the ubiquitous smartphone rather than more luxurious but less convenient consoles. At Sony, 43 percent of all full-game software units were bought via downloads, the same proportion as in the prior quarter and higher than a year earlier.
Nintendo Co. reported quarterly earnings that topped estimates, as higher software sales online made up for weaker shipments of the Switch console. The Kyoto-based company maintained its full-year forecasts for profit, hardware and software sales. The mixed results are the latest twist for Nintendo, which has gone from one of Japan’s hottest stocks to a target for short-sellers — wiping out all its gains in the past year.
Nintendo Co. reported quarterly earnings that topped profit estimates, as higher software sales online made up for weaker shipments of the Switch console. Nintendo reported operating profit of 30.5 billion yen ($274 million) in the June quarter, topping analysts’ average projection for 25.6 billion yen. The Kyoto-based company maintained its full-year forecasts for profit, hardware and software sales.
Shares in Nintendo Co. slumped as a New York hedge fund increased its short bet against the company ahead of earnings Tuesday. Nintendo dropped as much as 3.7 percent on Tuesday, the most in about a month, after Bloomberg News reported Gabriel Plotkin, head of Melvin Capital Management, had accumulated a short position of roughly $400 million in the Japanese game maker. Plotkin’s fund was short 1.2 million shares, or about 0.8 percent of Nintendo’s outstanding stock, according to the latest filing with the Tokyo Stock Exchange.
Melvin Capital Management's Gabriel Plotkin has accumulated a $400 million short against Nintendo Co., accounting for as much as seven percent of daily volume in the game maker. Bloomberg's Lisa Abramowicz ...
At E3 2018 — the year’s biggest video game conference — Microsoft (NASDAQ:MSFT) confirmed that it’s working on a streaming game service. The company also said that its engineers are currently designing the next generation of Xbox game consoles. A website focused on all things Microsoft thinks that’s the case, after uncovering details pointing to “Scarlett Cloud,” Microsoft’s Xbox game streaming service and a new, low-cost Xbox console that would work with it.
The company is targeting LoveROMs and LoveRETRO, which are two of the biggest ROM-hosting websites in its suits, which include a 27-page filing as to why it is choosing these sites in particular. Nintendo noted that the LoveROMs website garners more than 17 million visitors every month and these users are drawn in by the fact that the site offers free, unauthorized copies of the company’s video games, as well as other highly valuable intellectual property. “The resulting popularity of Defendants’ LoveROMs and LoveRETRO websites has allowed Defendants to reap substantial ill-gotten gains, including through donations and the sale of advertising on the LoveROMs and LoveRETRO websites,” the company wrote.
Japan's Nikkei share average rose to a one-month high on Tuesday as a weak yen lifted exporters, offsetting weakness in machinery stocks after data showed China's growth momentum is cooling. Toyota Motor Corp advanced 1.3 percent and Nissan Motor Co added 0.8 percent. China reported on Monday that its economic growth slowed in the second quarter and that factory output growth in June weakened to a two-year low, a worrying sign for investment and exporters as a trade war with the United States intensifies.