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 ($1.6 billion), 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.Japan's third-biggest mobile carrier by subscriber numbers kept its operating profit forecast for the fiscal year ending March unchanged from 900 billion - having cut the target by 10 percent in its last quarterly report citing Sprint costs."Overall, SoftBank is doing well, but with Sprint...being in a tough situation, I think it will have a long battle to fight," SoftBank's Chief Executive Masayoshi Son told reporters in Tokyo.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.15% or $-0.06/share to $39.75. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 762005 shares of TRI exchange hands on a given day and today's volume is recorded at 730074.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.64% or $-0.32/share to $49.55. In the past year, the shares have traded as low as $36.86 and as high as $50.53. On average, 734014 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 441181.
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