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Reuters

Japanese telco SoftBank posts 9% second-quarter profit rise, beats estimates

FILE PHOTO: SoftBank Corp. placard is prepared during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato

TOKYO (Reuters) - Japanese telco SoftBank Corp <9434.T> reported on Tuesday a 9% rise in second-quarter operating profit, beating estimates, buoyed by its mobile business.

Operating profit in the July-September quarter was 283 billion yen ($2.60 billion). That compared with an average forecast of 266 billion yen from four analyst estimates compiled by Refinitiv.

(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)

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