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

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 September, the Tokyo-based company said in a statement on Monday. That's more than the 322 billion yen average of analysts' projections compiled by Bloomberg. Sales came in at 2.23 trillion yen, matching predictions.