SoftBank reports $7 billion fiscal second-quarter net loss
Overview
SoftBank reported a fiscal second-quarter net loss of 1.12 trillion yen ($7 billion) on Tuesday, according to CNBC. The loss compares with a net profit of 2.5 trillion yen in the same quarter a year earlier.
Revenue rose to 2.22 trillion yen, above the 2.02 trillion yen LSEG estimate. SoftBank shares closed 13.9% higher that day as Asian technology stocks rebounded.
Written by AI from the articles below · updated Nov 10, 2:15 AM ET
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- CNBC · TechnologyNewsSoftBank 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. SoftBank shares closed 13.9% higher on the day as Asian technology stocks rebounded.
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