Nintendo Climbs After Boosting Forecast by 50% on Gaming Demand
- The company raised its outlook for Switch sales and profit
- Nintendo’s forecasts may well remain too conservative
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Nintendo Co. gained after the Japanese company made an unusual decision to increase financial forecasts midway through the fiscal year, a sign of robust gaming demand from consumers stuck at home during the pandemic.
Nintendo’s shares rose as much as 4.1%, the most on an intraday basis since August. They’re up more than 35% for the year.