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Capcom (OTCMKTS:CCOEY) Rating Lowered to Sell at Zacks Investment Research

Capcom (OTCMKTS:CCOEY) Rating Lowered to Sell at Zacks Investment Research
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Capcom Revises Earnings Forecast After RE3 and Monster Hunter Sales

Resident Evil 3 and the  Monster Hunter series were significant factors behind the upward revision. Check out Capcom’s revisions to the consolidated forecast for FY2021 below: Capcom set the previous earnings forecast in August 2020 following its best-ever first quarter in sales and profit. With the continued strong sales of several key titles, the forecast has once again been revised. The previous estimates of 85 billion yen (~$822 million) increased to 92 billion yen (~$890 million). The operating income forecast also increased from 25.5 billion yen (~$247 million) to 30.5 billion (~$295 million). Ordinary income saw a similar increase going from 25.5 billion yen to 30 billion yen. One of the biggest reasons behind the revision comes from the recent success in digital sales. Capcom noted that 

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