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Nintendo Loss Bigger Than Estimated as Games Fail to Lure Users

Nintendo Co. posted a fourth-quarter net loss that was greater than analyst estimates amid flagging demand for its titles and as the company struggles to lure players back from inexpensive games on smartphones.

The world’s largest maker of video-game machines had a net loss of 33.4 billion yen ($329 million) in the three months ended March, compared with the 27.9 billion-yen loss analysts had estimated. Nintendo’s Germany-traded shares dropped.