Nintendo Shares Tumble After Loss Warning

Nintendo Shares Tumble After Loss Warning

Nintendo spooked investors, and it showed in Monday trading.
Shares of Nintendo lost 20-percent of their value on Monday, before regaining most of the lost ground.

Nintendo's stock in Tokyo was still down by more than six-percent in afternoon trading.

Some investors fled Nintendo after the company's Friday announcement that it expects an operating loss of more than $335-million in its fiscal year -- which ends in March.

That's a significant drop from a previous forecast, when Nintendo expected to turn a profit of just under $1-billion.

Nintendo slashed estimates for global sales of its "Wii U" console from nine-million to just under three-million, facing stiff competition from Microsoft's Xbox One and Sony's Playstation 4.
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