There appears to be no scarcity of dangerous information for SoftBank this week. A brand new artificial-intelligence-driven tech growth might finally be a tailwind for earnings. However the firm’s newest outcomes had been a reminder of how a lot work the agency nonetheless has to do to persuade buyers that will probably be a canny steward of their capital—and reliably hit sufficient house runs to offset its many strikeouts.
The Japanese know-how investor on Thursday reported a stunning loss: equal to $6.2 billion for the September quarter. Analysts on S&P International Market Intelligence had anticipated, on common, a achieve of round $1.2 billion.
Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
