Nintendo’s holiday quarter earnings and revenues fall short of expectations

Nintendo reported today that it missed earnings targets for its third fiscal quarter ending December 31, largely because the Japanese video game company didn’t launch any major hits during the popular holiday selling season.

The Kyoto, Japan-based video game company reported net income of 29.1 billion yen, or $241.3 million. Nintendo was expected to report 33.2 billion yen ($275 million) in net income for the quarter, according to FactSet, up slightly from 31.8 billion yen ($263 million) a year earlier.