[Reuters] Nintendo to post its first ever annual net loss

Posted by: UGN Security

[Reuters] Nintendo to post its first ever annual net loss - 10/27/11 06:23 AM

OSAKA, Japan (Reuters) - Nintendo Co Ltd said on Thursday it would make its first ever annual net loss this financial year, cutting earnings guidance for a second time as the soaring yen and weak software sales dealt fresh blows to the former games industry champion.