Nintendo Stock takes a hit.

Nintendo’s most recent financial results were quite the mixed bag. Overall profits are higher than expected, but the actual operational profits are expected to be lower than previous projections. Super Mario Run had huge download numbers, but a lower than anticipated conversion of downloads into purchases.

Net sales were pretty rough, but the 3DS and Pokemon have had a strong showing.

In addition, the projected dividend for investors was also projected to be higher than previously expected for this year.

This mixed news has resulted in a negative reaction in the marketplace and Nintendo’s share value has dropped to it’s lowest point since last Fall.

In the first day of trading following the financial reports, Nintendo shares fell about 2.1% to close at 22,625 yen.

The second day saw a modest drop of 0.46%.

Can Nintendo rally this small downturn in stock price, only time will tell!

 

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Dave
Author: Dave View all posts by
Dave will tell you that he likes to play video games, this is in fact a lie. What he really likes to do is buy games, and leaving them sitting unopened on his shelf. He is a monster.

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