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07

SoftBank’s Profit Tops Estimates as Sprint Gets Back on Track

By Tony Seruga

Wireless and internet businesses offer foundation for big bets
Gains from Supercell, Alibaba stake sale support investments

SoftBank Group Corp. reported better-than-projected second-quarter profit, with the wireless and internet businesses in Japan bringing in cash while Sprint Corp. shows signs of improvement.

Net income was 512.1 billion yen ($4.9 billion) in the period ended Sept. 30, the Tokyo-based company reported on Monday. That’s more than the 446.9 billion yen average of analysts’ projections compiled by Bloomberg. Operating income for the quarter was 334.7 billion yen, compared with their prediction for 313.9 billion yen…

SoftBank’s Profit Tops Estimates as Sprint Gets Back on Track

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