October 30, 2018 / 7:17 AM / 22 days ago

Nintendo Q2 profit rises 30 pct, misses estimates

OSAKA, Oct 30 (Reuters) - Japan’s Nintendo Co Ltd reported a 30 percent rise in second-quarter operating profit on Tuesday, albeit missing analyst estimates, as sales of Switch hardware and games drive its earnings recovery.

July-September profit reached 30.9 billion yen ($274.11 million), the Kyoto-based gaming company said. That compared with a 36.6 billion yen average of seven analyst estimates, Refinitiv data showed.

Nintendo sold 5.07 million of its Switch consoles over April-September. It maintained its sales forecast for the year ending March at 20 million consoles. ($1 = 112.7300 yen) (Reporting by Sam Nussey; Editing by Christopher Cushing)

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