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Japan's SoftBank third quarter profit slips 5.9 percent, no end to Sprint costs
2015-02-10 08:58:59| IT Services - Topix.net
Japan's SoftBank Corp said on Tuesday its third-quarter operating profit slid 5.9 percent, missing estimates, as the ambitious mobile telecom firm continues to soak up the cost of trying to turn around loss-making U.S. unit Sprint Corp. SoftBank, which took over the number 3 U.S. carrier for more than $20 billion in 2012, said October-December operating profit was 191.39 billion yen , down from 203.46 billion yen a year ago. That trailed the 219.08 billion yen average of five analysts' estimates compiled by Thomson Reuters StarMine.
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Category:Information Technology