SoftBank Group (SFTBF) Expected to Post Earnings on Thursday

SoftBank Group (OTCMKTS:SFTBF) is expected to be issuing its results after the market closes on Thursday, August 6th. Analysts expect SoftBank Group to post earnings of $0.1349 per share and revenue of $12.0315 billion for the quarter.

SoftBank Group Stock Down 4.7%

SFTBF stock opened at $29.66 on Thursday. The company has a 50 day moving average price of $40.78 and a two-hundred day moving average price of $32.64. SoftBank Group has a one year low of $20.80 and a one year high of $180.00.

Institutional Investors Weigh In On SoftBank Group

A hedge fund recently bought a new position in SoftBank Group stock. McMillan Office Inc. bought a new stake in SoftBank Group Corp. (OTCMKTS:SFTBF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $28,000. 25.02% of the stock is currently owned by hedge funds and other institutional investors.

SoftBank Group Company Profile

SoftBank Group Corp., headquartered in Tokyo, is a Japanese multinational conglomerate holding company with diversified interests in telecommunications, technology services and investment management. Founded in 1981 by Masayoshi Son, the company began as a software distributor before branching into mobile communications and internet ventures. Over the years, SoftBank has built one of Japan’s largest wireless networks and expanded its operations to encompass a broad range of digital services.

The company’s principal activities include the provision of mobile and fixed-line telecommunications through SoftBank Corp., which serves millions of consumers and businesses across Japan.