SoftBank’s 3Q Slightly Below Expectations on Domestic Telecoms & ARM
SoftBank’s third-quarter fiscal 2017 (quarter-ending December 2017) result was slightly below expectations with the domestic telecom business reporting a slight increase in revenue but an operating profit decline, dampening group operating profit which declined 21% year over year (ex-SoftBank Vision Fund). The reductions in the operating profit from ARM and the domestic telecom business were the main drivers of the operating profit decline.We broadly maintain our existing forecasts with our fai...
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