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Nintendo Shares Down on U.S. Software Sales Warning

Time: 12:58 EST/17:58 GMT | News Source: Reuters | Posted By: Todd Richardson

Shares in Japan's Nintendo Co. Ltd. extended losses on Thursday after video game publisher Electronic Arts Inc. cut its forecast for North American software sales for the game maker's flagship GameCube console. The stock, which hit its lowest level in nearly four years on Wednesday, ended down 6.14 percent at 9,480 yen, while the key Nikkei average dipped 0.17 percent.

The game publisher forecast sales growth of 25-30 percent for Sony Corp's top-selling PlayStation 2, and 20-25 percent for the Xbox from Microsoft Corp GameCube and Xbox are fighting for the number two spot globally.

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