NTDOY - Nintendo Reports Earnings Next Week: What Investors Need to Know
Nintendo (OTC: NTDOY) has revitalized its business over the last few years with the Nintendo Switch gaming system. The success of the hybrid console/mobile device has sent Nintendo's share price up over 300% in the past five years vs. the S&P 500 's 100% return. On Thursday, May 6, before the U.S. markets open, Nintendo is scheduled to release its full-year earnings for the fiscal year that ended in March.
Here's what Nintendo investors should watch for when Nintendo reports earnings next week.
The majority of Nintendo's business right now comes from Switch console and game sales. It is important that Nintendo not only consistently gets more Switch consoles into the hands of consumers but that these consumers are consistently buying and playing games on the platform. The fleeting nature of Nintendo's other gaming systems, like the Wii (where some players just played Wii Sports and then quit), was a big reason why the platforms didn't have staying power. Nintendo hopes to change this with the Switch.
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Nintendo Reports Earnings Next Week: What Investors Need to Know