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Softbank Q3 profit tops forecasts; its US Sprint unit faces uncertainty

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Operating profit was 396 billion yen for the period ending September, more than the 322 billion yen average of analysts' projections. SoftBank's shares, which are up 28% this year, fell 2.6% to close at 9,945 yen on Monday.

Tokyo

SOFTBANK Group Corp reported quarterly profit that topped analysts' estimates, as its US unit Sprint Corp faces an uncertain future after talks to merge the carrier with T-Mobile US Inc collapsed.

Operating profit was 396 billion yen (S$4.7 billion) in the period ended

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