Bandai Namco Holdings surged in afternoon trading and raised its forecast for cumulative second-quarter results alongside the earnings release during the morning session. The market is viewing the move as a positive surprise.
Bandai Namco Holdings surged in afternoon trading. After the close of the morning session, the company announced its first-quarter results, reporting operating profit of ¥69.2 billion, up 33% year on year.
The company also announced that it had raised its forecast for cumulative second-quarter results, which the market is viewing as a buying catalyst.