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.

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NTDOY ChartNTDOY data by YCharts

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