OSAKA – Nintendo Co. said Wednesday it posted a group net profit of ¥21.26 billion ($190 million) for the three-month period that ended in June, a turnaround from a ¥24.53 billion loss a year earlier, on the back of solid sales of its Switch game console and games. The Kyoto-based game giant booked a consolidated operating profit of ¥16.21 billion, up from last year's ¥5.13 billion loss, on revenue of ¥154.07 billion, up nearly 2.5-fold. The results for the first quarter of the 2017 business year indicate Nintendo is poised for a comeback after several years of weak earnings due to the poor performance of the Switch's predecessor, the Wii U. Nintendo maintained its earlier net profit forecast of ¥45 billion for the 2017 business year, down 56.1 percent from the previous year when it sold off Major League Baseball team the Seattle Mariners. It also maintained its revenue outlook, projecting a 53.3 percent jump to ¥750 billion. The company said it shipped 1.97 million Switch consoles in the April-June quarter and kept unchanged its full-year estimate of 10 million consoles. The console, which has a display screen and detachable controllers and can act as both a home system and a handheld machine, has proved popular since its March release.

Online giant Amazon said it profit in the second quarter surged ninefold to 857 million, lifted by cloud services as the tech giant expanded its offerings. Revenues jumped 31 percent to 30.4 billion, Amazon said in stronger-than-expected results. While Amazon developed a reputation for delivering little or no profit in its retail operations, its earnings have been growing over the past year as it expands into video and new delivery services and boosts its cloud computing unit, Amazon Web Services (AWS). Revenues jumped 31 percent to 30.4 billion, Amazon said in stronger-than-expected results The second annual Prime Day was the biggest day ever for Amazon, and was also a record day for Amazon devices globally. Compared to Prime Day 2015, worldwide orders grew by more than 60%, orders from third-party sellers with Prime Day deals nearly tripled, and Prime members saved over twice as much on deals.

Tesla Motors shipped fewer cars to customers in the past three months than it had hoped, making it unlikely to meet expectations for delivering 80,000 to 90,000 vehicles this year. This is the second consecutive quarter during which the electric car manufacturer has failed to meet its delivery targets. The figures suggest the company is still wrestling with production issues as it looks to transform itself into a mainstream, high-volume manufacturer. This file photo taken on September 16, 2015 shows the Model S of US electric cars manufacturer Tesla Motors. The California-based maker of electric autos announced it delivered 14,370 vehicles in the April-June quarter of this year.