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Nintendo lowers full-year operating profit outlook, but returns to quarterly profit

Attendees wait in line to play video games on Nintendo Switch game consoles during the new console's unveiling in Tokyo on Jan. 13, 2017.
Kiyoshi Ota | Bloomberg | Getty Images
Attendees wait in line to play video games on Nintendo Switch game consoles during the new console's unveiling in Tokyo on Jan. 13, 2017.

Nintendo cut its operating profit forecast for the year ending March to 20 billion yen ($176 million) from 30 billion yen, though a weaker yen and revenue from mobile gaming helped the videogames maker to its first quarterly profit in a year.

October-December profit reached 32.3 billion yen from 33.5 billion yen a year earlier, the Japanese firm said on Tuesday.

That compared with a Thomson Reuters Starmine SmartEstimate of 30.71 billion yen drawn from six analyst forecasts.