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Nintendo set to buy back more than $900 million in shares following profit dip

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Following its financial report for the quarter that ended on June 30, Nintendo announced that it’s buying back more than $900 million in its own shares after seeing a dip in operating profit. 

The company wants to “take advantage of favorable cash position” that has been generated through record sales for the Nintendo Switch to buy back up to 1.8 million shares and cancel them out of its current stock offerings. 

The post Nintendo set to buy back more than $900 million in shares following profit dip appeared first on Dot Esports.

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Source: https://dotesports.com/news/nintendo-set-to-buy-back-more-than-900-million-in-shares-following-profit-dip

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