A person dressed as the Nintendo character Mario waves at a pop-up Nintendo venue in Madison Square Park, March 3, 2017 in New York City.

Drew Angerer | Getty Images

A person dressed as the Nintendo character Mario waves at a pop-up Nintendo venue in Madison Square Park, March 3, 2017 in New York City.

Nintendo reported earnings for its fiscal third quarter of 2017 on Wednesday that beat market expectations, with the gaming giant also upping the sales forecast for its flagship Switch console.

The Japanese firm also increased its outlook for operating profit in the year ending March 2018.

Nintendo reported the following results for the three months to the end of December 2017.

  • Revenue of 482.97 billion yen ($4.44 billion) versus analyst forecasts of 407.86 billion yen, according to Reuters estimates.
  • Operating profit of 116.5 billion yen versus expectations of 69.3 billion yen.

Nintendo also said it now expects to sell 15 million Switch units in the year ending March 2018, after previously raising the forecast to 14 million.

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