November 5, 2019 / 6:09 AM / 8 days ago

Japanese telco SoftBank posts 9% Q2 profit rise, beats estimates

TOKYO, Nov 5 (Reuters) - Japanese telco SoftBank Corp 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. ($1 = 108.7600 yen) (Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)

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