SoftBank third-quarter profit rises 6.8 percent on strong domestic telecoms business
- Dollar lower, stocks flat as caution creeps in ahead of Trump inauguration
- General Electric (GE) Reports In-Line Q4 EPS
- Procter & Gamble (PG) Tops Q2 EPS by 2c
- IBM (IBM) Tops Q4 EPS by 13c, FY17 EPS Guidance Beats Consensus
- American Express (AXP) Misses Q4 EPS by 7c, FY17 EPS Guidance Tops Views at Mid-Poinit
People walk behind the logo of SoftBank Corp in Tokyo December 18, 2014. REUTERS/Toru Hanai/File Photo
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
TOKYO (Reuters) - Japan's SoftBank Group Corp <9984.T> reported on Monday a 6.8 percent rise in operating profit for the July-September quarter, thanks to a strong showing by its domestic telecommunications business.
Second-quarter profit rose to 334.7 billion yen ($3.21 billion) from 313.4 billion yen a year earlier. That compared with a 287 billion yen average estimate from two analysts, according to Thomson Reuters Starmine.
SoftBank completed in September the $32 billion acquisition of UK chip designer ARM Holdings, Britain's most valuable technology company, in Japan's largest ever outbound deal.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- P&G profit and sales beat Wall Street estimates
- Fairfax may sell 25 percent of India's ICICI Lombard in up to $1 billion deal: sources
- Euro zone underlying inflation remains anemic: ECB survey
Create E-mail Alert Related CategoriesReuters
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!