Nintendo just got a nice boost from tariff refunds

Nintendo's earnings got an unexpected boost from US tariff refunds in the latest quarter. Philip Fong/AFP/Getty Images Some companies are getting an unexpected lift from billions of dollars in returned US tariffs. Nintendo recorded a $300 million tariff refund. The refunds are lifting profits and margins, but analysts

Tariff refunds are showing up on Wall Street.  The latest quarter spanned the Trump administration handing back the bulk of the $100 billion returned so far. It’s providing many companies a boost as they report their earnings.  Amazon reported receiving $600 million. Apple said tariff refunds added $0.11 in diluted ear

The Japanese firm reported a profit of £693m for the six months to June, 54% higher than the previous year despite a 9.5% decline in sales to £2.4bn.

Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales drop Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs. The company said profits surged 53.5% to ¥147.4bn (£694m) ove

Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won't receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 milli

The Kyoto-based company posted net income of ¥147.4 billion for the June quarter, compared with an analyst consensus estimate of ¥77.8 billion.

“The story that it is bringing back manufacturing is really not the story,” economist Mary Lovely warned. “Manufacturing is not coming back.”