Nintendo Earnings Beat Estimates on Yen, New Games

Nintendo Co. posted second-quarter profit that beat analyst estimates, helped by a weaker yen that boosted the value of overseas sales and demand for new games including Super Smash Bros. and Mario Kart 8.

Net income was 24.2 billion yen ($224 million) in the three months ended Sept. 30, compared with a loss of 8 billion yen a year earlier, according to figures derived from first-half results the Kyoto, Japan-based company reported today. That compares with the 5.74 billion yen average profit of four estimates compiled by Bloomberg. The company booked a 15.5 billion yen gain in the fiscal first half from the weaker Japanese currency.