Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump

HONG KONG, CHINA - 2026/03/06: A young shopper walks past a commercial advertisement for the Nintendo Switch, depicting the gaming character Mario, in Hong Kong. (Photo by Sebastian Ng/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesNintendo reported fiscal first-quarter earnings on Thursday, beating analysts' revenue and profit estimates, even as its Switch 2 console sales saw a sharp decline.Here's how Nintendo did in its fiscal first quarter ended June 30, compared with LSEG median estimates:Revenue: 517.8 billion Japanese yen ($3.28 billion) versus 444.96 billion yen expected.Net profit: 147.4 billion yen versus 78.30 billion yen expected. Shares of the Japanese gaming giant closed 2.87% higher ahead of its earnings release. The company maintained its f