Nintendo Q3 Revenue Drops, Cuts Outlook and Dividend, Switch Sales Slow Ahead of Next-Gen Console

Nintendo Co (OTC:NTDOY) reported third-quarter revenue of $1.10 billion (432.92 billion Japanese yen), down from $1.70 billion (598.56 billion Japanese yen) a year ago.

EPS of 110.40 Japanese yen compared to 117.45 Japanese yen a year ago.

Nintendo sold 4.82 million Nintendo Switch hardware in the third quarter, bringing the total for the current fiscal year to 9.54 million units (down by 30.6% Y/Y).

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