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SoftBank swings to $7 billion net loss in fiscal second quarter

AISoftBank reported a fiscal second-quarter net loss of 1.12 trillion yen ($7 billion) on Tuesday, compared with a net profit of 2.5 trillion yen a year earlier. Revenue rose to 2.22 trillion yen, above LSEG estimates of 2.02 trillion yen.
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Original title: SoftBank swings to $7 billion net loss in second quarter as tech selloff weighs on results