Japan’s SoftBank Group reported a surprise loss of 477.6 billion yen ($3.3 billion) in April-June, its third straight quarter of losses.
The result was far worse than a Refinitiv SmartEstimate of 75 billion yen profit drawn from four analysts and compares with a net loss of 3.16 trillion yen in the same period a year earlier.
Its Vision Fund unit, however, booked an investment gain of 160 billion yen, back in the black after five consecutive quarters of losses.
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