Why Nintendo (NTDOY) Stock Is Falling Today

NEW YORK (TheStreet) -- Shares of Nintendo Co.  (NTDOY) are down -3% to $13.92 as the home entertainment products company declined to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3DS video-game machine sales, the Associated Press reports.

Yet, the company is staying with its annual forecasts for a 20 billion yen ($196 million U.S.) profit on 590 billion yen ($5.8 billion) sales.

Nintendo reported a 9.92 billion yen ($97.3 million) loss compared with an 8.62 billion yen profit a year ago.

First quarter sales were 74.695 billion yen ($732.3 million), down 8% from a year ago.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

NTDOY ChartNTDOY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Nintendo Stock Rating Lifted at Credit Suisse, Sees Switch Sales Doubling

Nintendo Is Having a Big Problem That May Stop You from Buying This Console

Take a Look At What Foxconn's $10 Billion Wisconsin Plant Could Mean