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Nintendo and Sony stock falls on financial results

The impact of downwards revision guidance hits platform manufacturers' share prices

Shares in both Nintendo and Sony fell sharply today in trading on the Tokyo Stock Exchange, following financial results yesterday which didn't make for happy reading.

Sony, which reported an operating loss of JPY 18 billion (USD 201 million) for its fiscal third quarter, saw its stock fall by 6.7 per cent to JPY 1780 (USD 19.9).

Meanwhile Nintendo, which saw profit and revenue up on last year, still missed targets, leading to significant downward revision for its full year results.

The company stock fell more dramatically, down JPY 4000 (USD 44.8) or 12.5 per cent to JPY 28,050 (USD 313.9).

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Phil Elliott