Japan's SoftBank Corp said third-quarter operating profit slid nearly 6 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 launched a surprise takeover of the number 3 U.S. carrier for more than $20 billion in 2012, said on Tuesday its October-December operating profit was 191.4 billion yen ($1.6 billion), down from 203.4 billion yen a year ago. That trailed the 219.1 billion yen average of five analysts' estimates compiled by Thomson Reuters StarMine.Sprint, 80 percent-owned by SoftBank, is now locked in intense, profit-sapping competition with larger rivals AT&T Inc and Verizon Communications Inc. SoftBank bought the business to expand outside Japan's sluggish economy, but Sprint has undergone a long-haul revamping of its network, shedding thousands of jobs and triggering a mass exodus of subscribers."Overall, SoftBank is doing well, but with Sprint...being in a tough situation, I think it will have a long battle to fight," Masayoshi Son, chief executive of Japan's third-biggest mobile carrier by subscriber numbers, told reporters in Tokyo.
AT&T Inc. (AT&T) is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 0.66% or $-0.23/share to $34.64. In the past year, the shares have traded as low as $31.76 and as high as $37.48. On average, 26110300 shares of T exchange hands on a given day and today's volume is recorded at 20110590.
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.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ fell by 0.49% or $-0.24/share to $49.09. In the past year, the shares have traded as low as $45.09 and as high as $53.66. On average, 18061900 shares of VZ exchange hands on a given day and today's volume is recorded at 21052990.
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