SoftBank Group (OTCMKTS:SFTBY) Releases Earnings Results, Beats Estimates By $0.74 EPS

Key Points

• SoftBank Group reported an earnings per share (EPS) of $1.02 for the quarter, significantly surpassing expectations of $0.28 by $0.74.
• The company generated $12.35 billion in revenue, exceeding analysts' forecasts of $12.24 billion with a net margin of 16.35%.
• SoftBank Group’s stock has seen a price increase, trading at $47.15 recently, with a market capitalization of approximately $138.62 billion.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.74, Zacks reports. SoftBank Group had a return on equity of 12.93% and a net margin of 23.99%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.24 billion.

SoftBank Group Trading Down 1.4%

OTCMKTS:SFTBY traded down $0.72 during mid-day trading on Wednesday, hitting $49.87. The company had a trading volume of 307,502 shares, compared to its average volume of 724,036. SoftBank Group has a fifty-two week low of $19.86 and a fifty-two week high of $50.61. The business's fifty day moving average is $35.53 and its two-hundred day moving average is $29.94. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.89.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.