Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

SoftBank Rises as Sprint Beats Estimates, Raises Outlook

SoftBank Corp. Chief Executive Officer Masayoshi Son
SoftBank Corp. Chief Executive Officer Masayoshi Son. Photographer: Andrew Harrer/Bloomberg

SoftBank Corp., the Japanese wireless carrier that paid $22 billion for control of Sprint Corp., rose in Tokyo trading after the U.S. company boosted its full-year forecast and topped first-quarter sales estimates.

SoftBank gained 0.5 percent to 7,590 yen at the 3 p.m. close of trading in Tokyo, while Japan’s benchmark Topix index advanced 0.2 percent. The shares have fallen 18 percent this year.

Sprint’s earnings are improving faster than analysts expected amid U.S. competition that’s caused the Overland Park, Kansas-based company to post 25 net losses in 26 quarters. The company still lost subscribers in the quarter, adding urgency to SoftBank Chief Executive Officer Masayoshi Son’s attempts to persuade U.S. regulators to allow Sprint and rival T-Mobile US Inc. to combine and create a more competitive provider.

Sprint’s first-quarter revenue increased to $8.88 billion as the mobile carrier held onto more subscribers than expected, the company said in a statement yesterday. That topped the $8.77 billion average of analyst estimates compiled by Bloomberg. Sprint lost 231,000 branded monthly subscribers in the quarter and 333,000 total. The company raised its forecast for 2014 adjusted earnings before interest, taxes, depreciation and amortization to as much as $6.9 billion from a prior projection of as much as $6.7 billion.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.