Nintendo expected to post 13% increase to net profits in Q3 2024

Nintendo will be sharing their Quarter 3 results for Fiscal Year 2024 in less than 24 hours, and analysts are chiming in with their last-minute predictions on what the Big N will have to say. While the final word comes from Nintendo, here’s what the Wall Street Journal’s Kosaku Narioka thinks we can expect:

• expected to post a 13% rise in net profit to 130.37 billion yen ($878.6 million)
• revenue is estimated to have fallen 10% from a year earlier to Y573.78 billion
• stock has risen 15% so far in 2024 through Friday
• first-half operating-profit margin improved to 35.2% from 33.5% in the year-earlier period
• Nintendo has projected it will sell 185.0 million copies of Switch software and 15.0 million Switch consoles for the fiscal year ending March
• first-half revenue from mobile and intellectual property-related income more than doubled to Y55.0 billion from Y23.5 billion in the year-earlier period