CNBC: SoftBank posts surprise loss in third quarter, revenue also misses estimates

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CNBC reports:

SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell into red. The Japanese company’s revenue also missed analysts’ estimates.

Here are Softbank’s results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who have been more consistently accurate:

– Revenue: 1.83 trillion yen vs. 1.84 trillion yen

– Net loss of 369.17 billion yen vs. a profit of 298.53 billion yen

The company’s Vision Fund investments clocked a loss of 352.75 billion yen for the quarter ...