SoftBank shares up after Sprint says to be cash-flow positive next year | Reuters

TOKYO Shares of SoftBank Group Corp (9984.T) climbed in early trade on Tuesday after its unit Sprint Corp (S.N) reported better-than-expected first-quarter revenue and said it expected to be cash-flow positive next fiscal year after breaking even this year.

SoftBank, which has a majority stake in the No. 4 U.S. wireless carrier, rose as much as 4.7 percent to 5,460 yen.

(Reporting by Ayai Tomisawa; Editing by Chang-Ran Kim)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Jul 26, 2016 06:30 AM

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