Softbank Reports Decline In Q3 Profit

Softbank Corp SFTBY reported a drop in its third quarter net profit. Softbank's net profit for the period dropped to Y32.83 billion, versus Y65.46 billion, in the year-ago period. Its operating profit dropped 4% to Y159.56 billion from Y166.64 billion. Softbank's revenue climbed 10% to Y862.55 billion from Y784.88 billion. Softbank shares closed at $14.23 yesterday.