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  • 01.31.17

Thanks, Pokemon! Nintendo’s profit is on fire

Video game giant Nintendo Co. reported quarterly earnings yesterday, far surpassing estimates on the strength of the mega hit Pokémon Go. The Japanese company delivered a profit of 64.7 billion yen ($569 million) for the quarter and raised its full-year forecast to 90 billion yen for the fiscal year. That’s up from prior projections of 50 billion. A weaker yen came in handy, too. Read more from Bloomberg here.