January 31, 2019 / 7:11 AM / in 3 months

REFILE-Japan's Nintendo reports 36 pct percent jump in operating profit, beating expectations

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TOKYO, Jan 31 (Reuters) - Japan’s Nintendo Co Ltd reported a 36 percent jump in quarterly operating profit on Thursday, beating market expectations, buoyed by strong software sales of its hybrid home-portable Switch device.

The Kyoto-based gaming company said operating profit for the October-December period was 158.6 billion yen ($1.46 billion).

That compared with the 149 billion yen average of 11 analyst estimates compiled by Refinitiv.

Nintendo lowered its full-year Switch hardware sales forecast to 17 million units from 20 million previously but upgraded the software forecast to 110 million units from 100 million previously. ($1 = 108.7700 yen) (Reporting by Sam Nussey; Editing by Christopher Cushing)

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