February 7, 2020 / 6:09 AM / 21 days ago

Japanese telco SoftBank posts 15% rise in Q3 profit, beats estimates

TOKYO, Feb 7 (Reuters) - Japanese telco SoftBank Corp on Friday reported a 15% rise in third-quarter operating profit, beating estimates, underpinned by its mobile business.

Operating profit in the October-December quarter was 243 billion yen ($2.21 billion) versus 211 billion yen a year earlier.

That compared with an average forecast of 240 billion yen from three analyst estimates compiled by Refinitiv. ($1 = 109.8600 yen) (Reporting by Sam Nussey; Editing by Christopher Cushing)

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