Nintendo turns profitable for first time in four years

Nintendo signage is displayed at the company's booth at the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles, California June 11, 2014.

/Kevork Djansezian

- Japanese videogame maker Nintendo Co Ltd on Thursday reported its first annual operating profit in four years, slightly ahead of analyst estimates, as reduced costs offset the impact of slowing revenue growth. Profit of 24.8 billion yen ($207.6 million) beat the company's forecast of 20 billion yen as well as the average estimate of 23.8 billion yen from 20 analysts polled by Thomson .Nintendo also forecast operating profit of 50 billion yen for the year started April 1. (Reporting by Ritsuko Ando; Editing by Christopher Cushing)